Peverill Securities has signed a development agreement with Cheshire East Council to revamp Crewe’s Royal Arcade, paving the way for a planning application to be submitted for the site.
The developer will work with the council to redevelop the site into mixed-use development compromising leisure, retail and restaurant space, as well as a cinema, a new bus station and a 400-space car park.
The agreement will enable a planning application for the site to be submitted, which is expected to be lodged by summer 2022.
Nick Mannion, cabinet member for environment and regeneration at Cheshire East Council, said: “The development agreement is the latest step in what is an exciting programme of regeneration for Crewe.
“We appreciate that the current pandemic has brought uncertain times for all of us, but this news not only shows our shared vision for the regeneration of Crewe town centre, it also shows our commitment to rebuilding the local economy.”
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