Delivering a capital regeneration programme
City Centre South
City Centre South will transform seven hectares of the city through a new mixed use development scheme that will provide over a thousand new homes, a high-
quality public realm environment and modern, forward looking commercial, leisure and retail spaces.
This year has seen outline planning consent for the scheme secured, and a compulsory purchase order made.
Next steps include working with the developer on a scheme design to inform a reserved matters planning application; ongoing discussions and negotiations with property owners to acquire the land for the scheme, funding agreements and governance approvals. This should then allow for initial works to begin in late-2023.
Increasing hotel capacity
The leisure and hospitality sector has been hugely affected by the COVID-19 crisis over the past two years and this has, unsurprisingly, played a significant role in delays to the delivery of new hotels.
After several delays due to COVID-19 restrictions, the Telegraph Hotel opened in May 2021 in the former newspaper headquarters. This formed a key element of hospitality improvements to Corporation Street.
Works on Hotel Indigo, a proposed 100-bed hotel, restaurant, and bar opposite One Friargate is now expected to begin in summer 2022, following new agreements and a repayable loan agreed in principle with its developer, Castlebridge.
Friargate business district
A second office block, Two Friargate, currently under construction, will provide 134,000 square feet of high-quality commercial office space. This is expected to play an important part towards the city’s economic development and inward investment objectives. The building is expected to be ready for occupation by early 2023.
