A quantity of land has been purchased by Persimmon Homes in Coventry with plans to clean and develop the area.
The site, an industrial site, is situated in Burnaby Road, north Coventry. It was purchased from Clowes Developments and has planning permission for 223 residential units to offer homes from two to four bedrooms.
The new site is thought to have been where the first Aston Martin was developed and built in 1915. The building however is now rundown, land contaminated and also shows evidence of asbestos.
The new development agreement states that the developer must pay £1.94m towards local educational services, £264,000 towards local parks and also £49,000 for a bike hut.
Managing director of Persimmon Homes Central, Neil Williams, said that this project is a continuation and additional phase of the current Whitmore Place development. Demolition is planned to start imminently and be completed by late summer with the development beginning shortly after.