"It's fantastic for Sunderland that the extra care housing programme is not only providing new homes for older people but also bringing with it a significant employment boost for the city.
"The creation of 350 new jobs is great news for our communities and our economy as well as being an excellent opportunity for local people."
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The name was unveiled today by the Northern Powerhouse Minister Andrew Percy.
Harry was world rowing champion who drew thousands to the banks of the River Tyne in the 1850s.