Two major flats developments are set to rise in Dundee within 18 months under plans by a city property developer.
Unicorn Property Group is aiming to fill the last remaining empty site at City Quay with around 80 flats.
The company is also set to use planning permission it gained several years ago to build 82 student flats off Hawkhill.
Tim Allan, chief executive of Unicorn who is also president of Dundee & Angus Chamber of Commerce believes now is the perfect time to build.
He said: “What we’ve seen is interest and demand for flats in Dundee is on the rise. People are making inquiries all the time about them. On that basis, we are bringing forward two developments.
“We want to put in a planning application for the last gap site at City Quay. That’s a project we hope will be consented and we can start work on that in the new year.
“And we are looking to begin work on 82 flats at Hawkhill, next to the Wellcome Trust building, which will mean the partial demolition of the existing warehouses.
“We see demand, interest and prices at a level similar to what they were in 2006, and we would like to be part of that rising market in Dundee.”
The City Quay site is currently occupied by a car park, but plans have always been in place to build flats there.
“We’ve changed the design now because we know better what the market suits, and we will be bringing the new design for that location in consultation with Dundee City Council,” said Mr Allan.
“Each site will probably require 200 men working on them and we would hope to bring forward between 150 and 200 new units in Dundee over the next 18 months.
“It’s good for the construction industry and good for the economy. It’s a good rental market in Dundee and we are seeing lots of inquiries for new-build units near the V&A.
“‘What’s happening with the waterfront?’ It’s a question everyone asks.
“But the price has to be right. I don’t think there’s a big demand for expensive flats. We are wanting something which is good quality but is affordable.”
Meanwhile, Mr Allan confirmed that office space in the Shed 25 unit at City Quay looks set to be occupied, with a deal for a new tenant said to be in the final stages.