Muse Developments subsidiary The Northshore Development Partnership has announced that it will begin construction this month on its £300m Northshore scheme in Stockton-on-Tees.
An start on site is subject to the successful completion of legal and funding agreements with the Homes and Communities Agency and Stockton borough council.
The 57-acre mixed-use regeneration scheme will transform Stockton’s riverside, delivering more than 1.8m sq ft of offices, leisure and retail accommodation, plus housing. The site has also been earmarked for facilities required to expand the adjacent Durham University Queens Campus.
Phase one will comprise a 50-unit residential scheme, including two-, three- and four-bedroom terrace and semi-detached homes.
NSDP – originally a joint venture between Muse and Urban Splash – was established in 2005 to deliver the Northshore scheme. Due to the need to focus on other priorities within their portfolio, Urban Splash will no longer be involved and this initial phase of housing, which will be delivered in partnership with Lovell.
Simon Dew, senior development surveyor for Muse, said: “This scheme will set a benchmark for high-quality housing in the North East and act as a catalyst for further development within the Northshore regeneration area.
Stockton council’s cabinet member for regeneration and transport, councillor Bob Cook, said: “It is fantastic to see our vision for regeneration progress despite the challenging economic climate. The Northshore development is just one element of the wider regeneration of Stockton borough, which is already seeing significant investment on the riverside including the £4.6m Tees Barrage whitewater course and the Wolfsan Institute at Durham University Queens Campus.”
daniel.cunningham@estatesgazette.com
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