A former yacht club on the banks of the River Trent is being turned into a development of 81 flats after a buyer was found for the site.
The Park Yacht Club site, Trent Lane, was first expected to be transformed in 2016 after Milton Keynes firm McCann Homes bought the land.
It is one of several developments transforming parts of the landscape on the north bank of the Trent from industrial and commercial units into modern housing overlooking the river.
But McCann put the site up for sale last year after saying it had experienced delays. On Friday (April 12) it was announced KMRE Group has snapped up the project and has already appointed a construction firm who will start work this summer.
On securing the deal, Kam Mogul, managing director of KMRE, said: “We are a Leeds-based developer which has delivered similar residential schemes throughout Yorkshire and our expertise has brought success.
“We are now looking further afield to create high-end living accommodation. Our sights were set on Nottingham when we saw the huge potential for waterfront living in the city.”
The waterfront apartments will overlook The Hook nature reserve and Lady Bay across the river.
The site lies at the southern end of Trent Lane, near Colwick, and is bordered by the River Crescent flats development to the east, and the Trent Basin development site to the west.
River Crescent was built in 2008-09 and includes 146 two and five bedroom ‘executive apartments’. Trent Basin comprises of apartments as well residential housing developed by Nottingham company Blueprint.
The Park Yacht site was previously home to the Park Yacht Inn pub which has now closed and, once complete, the three developments combined will have transformed a once-industrial area into a residential community on the banks of the river.