Carlisle-based Story Group has been selected by urban regeneration company West Lakes Renaissance to work up plans for the £120m
The 90-acre scheme, part of the wider Waterfront regeneration scheme, will contain a mix of retail, restaurant and bar units, 650 homes, a 350-berth marina and a sports ground.
No formal development agreement has yet been signed but Story is expected to take forward a scheme subject to further negotiations and confirmation of funding.
Bob Pointing, chief executive of West Lakes Renaissance, said: “With Barrow’s economy very much on the up, thanks primarily to investment in the town’s world-class naval industry, we remain confident this vision will become reality.
“It is also satisfying that we will be working with a Cumbrian developer with a good understanding of the needs of Barrow.”
Story Group includes rail and construction businesses as well as Story Land and housebuilder
Its projects include residential developments around
The
