Detailed planning permission has been granted for the first phase of the £200m regeneration of the Becketwell area of Derby city centre, with development work to start in late Spring.
Funding for the Becketwell project includes £8.1 million in Local Growth Fund investment from the D2N2 Local Enterprise Partnership. The funding is subject to a final business case and approval by the D2N2 Board.
At a meeting of the Derby City Council planning committee, councillors voted unanimously in favour of developers St James Securities’ landmark scheme.
With detailed planning consented, the company will now be able to start to work-on phase one of the scheme, which includes the construction of 259 build to rent apartments on the site of the former Debenhams store on Victoria Street.
A new high quality public square on the site of the former Central United Reformed Church remains the centrepiece of the development and will also be delivered as part of the first phase.
Work is already well underway to bring forward a second phase to comprise a new 3,500-capacity performance and conference venue on the site of Laurie House offices and the former Pink Coconut nightclub.
Future planned phases of the scheme include a range of other complementary uses of the site including up to 25,000 sq. m of new grade A offices and commercial space, a hotel and a multi-storey car park.