Two years ago, Vengada Estates teamed up with architects Stallan-Brand to draft designs for the King Street Car Park which outlined the potential for delivering a mix of apartments, shops and offices on the city centre site following positive pre-application discussions with planners.

The approved development, on land bounded by Osborne Street, King Street, Bridgegate and Stockwell Street, was also set to feature food/drink and leisure space as well as a hotel.

Vengada Estates is now consulting on revised plans that still envisage a mixed-use development but now incorporate a broader range of tenure types.

Billed as an intergenerational zero-car neighbourhood, ‘The Merchant Quarter’ would combine build-to-rent and co-living homes with student accommodation, offices and a hotel with ground floor retail and leisure units.

In a proposal statement, the applicant wrote: “Three building blocks are proposed, and the location of the blocks and the internal arrangement are designed so that a pleasant and distinctive environment is created. Consideration is given to the neighbouring buildings, with the blocks located to avoid overlooking.

“As it is a planning permission in principle application (PPiP), the uses within these plots remain flexible and will react to market requirements, and these scenarios will be captured within a detailed Development Framework that accompanies the planning application.”

A fresh planning permission in principle application will follow in December.