A NEW £5.5million development in Swansea's SA1 has been announced.
Coastal Housing has bought a 1.5 acre site from the Welsh Government to create a residential development, with a range of affordable homes, on the waterfront.
Work, which is subject to planning, is due to start in 2016 and will include training opportunities.
Coastal Housing's director of development Gareth Davies said: "We are extremely pleased to have another opportunity to be involved in the ongoing development at SA1.
"It will provide much needed homes for rent and for sale in what is becoming one of the most sought-after locations in Swansea."
The site, acquired by Coastal Housing for £720,000, will be the group's third investment on SA1, having already built 69 affordable apartments and 79 retirement apartments.
This scheme will include affordable one and two-bedroom apartments, as well as 27 three and four-bedroom family homes which will be for sale.
During construction there will be a number of opportunities for local people to gain on-the-job skills so the project will benefit young and unemployed people struggling to find work.
Coastal Housing says it has a full-time dedicated targeted recruitment and training officer whose job it is to ensure that every single construction contract concluded by the group includes requirements for contractors to provide training and apprenticeship placements.
The organisation is a not-for-profit industrial and provident society which works across Swansea, Neath Port Talbot and Carmarthenshire, specialising in regeneration.
SA1 is a Welsh Government mixed use development which is regenerating and transforming 100 acres of land surrounding the Prince of Wales Dock with sites overlooking the River Tawe and fronting the Fabian Way gateway into the city centre. The University of Wales Trinity St David is also planning a new waterfront campus on SA1.
Economy Minister Edwina Hart added: "SA1 is now a key employment site and has also proved to be a very popular residential quarter.
"Our aim has always been to create a thriving community so I am pleased Coastal Housing Group plans to reinvest in the area and build more affordable homes while creating training opportunities for local people."
Helen Keates / email@example.com / @HelenKeates