Plans put forward for £180m redevelopment of derelict area in Bristol
A developer has submitted an application for a mixed-use scheme at Redcliff Quarter in Bristol which could contribute 400-500 jobs and an estimated £7m per annum into the local economy once completed, a news report in the local business media has been able to find.
Change Real Estate director Ron Persaud said: "Our proposed plans will revive this underutilised area of the city with a vibrant and high quality ’18-hour city’ development, with its own, unique identity that embraces the character and heritage of the neighbourhood.
"We underwent public consultation before Christmas and have been working closely with the local authority to reach this point; we have listened carefully to what everyone has to say, resulting in the plans we are now submitting.
"Redcliff Quarter will become a new destination in the heart of the city, close to excellent public transport networks and occupying a prime location close to the Harbourside, and Bristol’s business and retail quarters."
The company acquired the 2.5 acre site, which lies in the heart of the Redcliffe conservation area, between St Thomas Street, Redcliff Street and Three Queens Lane, in 2014.
The £180m, 600,000 sq ft development is being brought forward as a joint venture between Change Real Estate, Cannon Family Office and ICG Longbow. Change Real Estate was granted unanimous consent in 2015 for phase one of the development on the adjacent site, comprising a mix of retail and residential units.
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