This £10+m contemporary scheme, designed by architects Franklin Ellis, comprises 46 high-quality apartments, retail space and secure underground parking.

At the centre of the scheme, by local developer Bildurn, is an 11,000 sq ft public square designed by Nottingham-based art and landscape design company Wolfgang and Heron. Nottingham City Council is particularly supportive of this new urban public square, which will be at the heart of the Lace Market.

The scheme, being built by Marriott Construction, is due to be completed in January 2007.

Peter Hawes, Director of Marriott Construction, hosted the groundbreaking event on site, and commented. "This is a very exciting and prestigious project and we are delighted that it has now reached the stage where building work can start."

The scheme's architects, Franklin Ellis, are well known for their work on, amongst others, the Paul Smith shop in Nottingham and retail and residential developments at Castlewharf, Stoney Street and Sneinton Market.

Architect David Franklin commented: "The development will create a much needed public space within the Lace Market. The building seeks to provide a balance between respect for the history of the location whilst reflecting a modern, forward-thinking ethos."

Marketing for the residential part of the development is being handled by Savills who has already secured sales on a number of the 46 apartments, which are competitively priced from £125,000, since release in October.

Gail Richardson, Head of New Homes at Savills, commented: "There was a substantial amount of interest in the apartments as soon as we started marketing - despite the degree of competition. This development is quite unique as it is both right in the centre of the Lace Market and overlooking what we expect will be a stunning continental piazza."

ENDS

For further PR information contact Eden PR on 0115 852 4717, fax 0115 950 9175 or contact Kathryn Harrison, Kathryn@edenpr.co.uk