Dransfield Properties and Harworth Group have announced a joint venture agreement to deliver a £50m retail, office and leisure scheme at Waverley, Rotherham.
The 12-acre development forms part of the strategic regeneration of the 740-acre Waverley brownfield regeneration project close to Junction 33 of the M1.
The planned local centre is expected to deliver offices, a 24,500 sq ft supermarket, 70,000 sq ft of further retail space, a hotel, medical centre, transport hub and gym.
The development will formally link the Advanced Manufacturing Park and the residential area through a retail and leisure development, incorporating community facilities.
Shops, restaurants and cafes will be set around a central car park area with a mix of independent and national names. Plans include offices above shops, attractive walkways, landscaped piazza areas with water features and a “town square” where regular farmers’ markets can be held.
A planning application is scheduled to be submitted in spring 2017.
This is the latest phase of Waverley’s development. The site is already home to 600 homes and the AMP, which includes international firms such as Rolls-Royce and Boeing. The next 15 years will see as many as 3,400 further homes built, in addition to a further 1m sq ft of manufacturing space to enlarge the AMP.
Waverley represents Yorkshire’s largest brownfield mixed-use redevelopment, according to the joint venture partners.
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