AN MP has welcomed the transformation of a derelict housing development into brand new apartments as a sign of economic recovery.
The former Horizon building in New Coventry Road, Sheldon, has stood as an empty shell since 2008 when work ground to a halt as the recession took hold and the developers were forced to abandon the site.
But then London-based Locksbridge Developments took over the site last year, beginning work in September.
The first phase of 46 dwellings, of the 146 apartment block, are now due to go on sale in July.
Yardley MP John Hemming said: “The first we knew of the credit crunch was when things stopped at this development.
“Now it has become one of the signs we are recovering and going forwards.
“I am pleased to see the launch of this project which has been an eyesore for such a long time.”
Coun John O’Shea (Lab, Acocks Green) added he was “very impressed” by the high standard yet affordability of the flats and hoped to see more in the area in the future.
The block offers studio, one and two bed flats with access to secure underground car parking and a central garden.
Locksbridge MD Akbar Sheikh said: “We are delighted to bring this landmark site back into the community.
“We’re aware of its inglorious history. It was left an empty shell.”