Goodman has launched its masterplan for its 1.5m sq ft Ventureast site in the Eastside quarter of Birmingham on the Birmingham stand at MIPIM today.

The mixed-use development, which has now been rebranded as Eastside Locks, will comprise 693,000 sq ft of commercial space, 344,448 sq ft of residential, a hotel and public open spaces.

Goodman was selected as preferred developer for the site in August 2007. It also announced it will submit an outline planning application for Eastside Locks at the end of the month.

The first phase of development will include 105,000 sq ft of speculative office space and 50,000 sq ft of commercial space for small- and medium-sized enterprises. Goodman plans to start on site with the first phase in the first quarter of 2009.

GVA Grimley and Cushman & Wakefield are letting agents.