Olympian Homes has announced the successful completion of their Rialto House purpose-built student accommodation (PBSA) development in York.
Completed on 23 July, the scheme delivers 275 high-quality PBSA units, contributing to the growing demand for modern student living in the city.
Amenities include a gym, yoga studio, games room, co-working and group dining areas, and in recognition of the location’s history, Rialto House will feature a cinema – the scheme, in which, being named after it. Other facilities will include integrated cycle parking and landscaped courtyards.
The Rialto House development is a ten-minute walk from the city centre and a seven minute bus ride from the University of York.
”We extend our thanks to our construction partner, GMI Construction Group PLC and our funding partner Cain International, whose expertise and commitment were instrumental in the successful delivery of this project.”
Olympian
The Rialto House site is located within an area of archaeological importance and is adjacent to the Central Core Historic Conservation Area. Opened in 1913 and demolished in 2003, the cinema played host to many famous performances, including The Beatles who performed there four times in 1963.
Olympian exchanged contracts on the site in April 2021 and submitted a planning application in June 2021 to demolish the existing Mecca Bingo Hall and replace it with the PBSA scheme. Works onsite began in Q2 2022 with GMI Construction securing the £50m contract.
Olympian and Cain International completed a funding agreement for the scheme, alongside a second PBSA scheme, in 2023.
