The Central Heart prospectus, launched to global investors at MIPIM, sets out plans to transform around four hectares of under-used retail and office space into a high-rise neighbourhood.
Across a cluster of redevelopment sites, the vision includes up to 400,000 sq m of commercial floorspace, space for around 8,000 jobs and more than seven hectares of new public realm and green space.
The programme would reshape Birmingham’s retail core with a series of high-rise residential towers, offices and mixed-use schemes replacing outdated buildings and empty retail units.
Joanne Roney said: “The Birmingham Central Heart Prospectus outlines one of the most exciting investment opportunities in the UK.
“Our message to investors is clear; if you want to back a growing, youthful, diverse city with a clear plan and a strong partnership between the council, business and communities, Birmingham is the place to invest.”
The Central Heart area forms part of the wider Central Heart Growth Zone in the emerging Birmingham Local Plan and links into the Central Birmingham Framework 2045.
Plans are also progressing to create the Birmingham East Mayoral Development Corporation, expected to be formally established by 2027, to drive regeneration across the Central Heart area, Digbeth and east Birmingham.
Birmingham Heart key sites
Cherry Street
Around 600 flats and 14,000 sqm of offices replacing the former Rackham’s/House of Fraser building, alongside major public realm upgrades and a widened street.
Cannon Street
Conversion of upper floors to around 50 homes above refurbished workspace and managed retail units on a council-owned site close to the tram network.
Martineau Galleries
Large 3.5-hectare mixed-use redevelopment with outline consent for up to 1,300 homes, 177,500 sqm of commercial space and a new boulevard linking to HS2 Curzon Street.