Bristol City Council is preparing to launch its search for a development partner for the 10,000-home Temple Quarter project in the new year, after approving plans to create a joint development vehicle.
Consent for the vehicle will formalise a long-standing collaboration between the council and its Bristol Temple Quarter delivery partners Homes England, West of England Combined Authority and Network Rail to transform around 320 acres of land in central Bristol.
The regeneration of the site, which includes the station hinterland, land around the River Avon and an industrial estate known as St Philip’s Marsh, has the potential to create 22,000 jobs, a minimum of 10,000 homes and an economic boost of £1.6bn per annum to the region.
Earlier this year, Homes England appointed Eversheds Sutherland to advise the partners on the constitutional and governance arrangements to establish the vehicle alongside land and planning matters and the procurement of a development partner.
The partners intend to establish the vehicle by January 2024 and commence the procurement process to select the development partner shortly afterwards. The development partner will take on the development risk.
A team led by Prior + Partners and including AHMM, Arup, Spacehub and Bristol-based Nudge Studio has just been appointed to carry out the master planning work.
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