A £200m mixed-use scheme for the north shore of Bristols floating harbour has been given the go-ahead.
Temple Quay 2, a joint venture between Midlands-based Castlemore Securities and the South West Regional Development Agency, will regenerate 17.3 acres (7ha) of industrial wasteland.
Plans approved by Bristol council include 654,000 sq ft (60,816 sq m) of Grade A offices, 500 homes, 19,000 sq ft (1,770 sq m) of retail and a 59,000 sq ft (5,471 sq m) south-facing waterside leisure development.
It builds on the success of the Temple Quay core site and has been described by the Commission for Architecture and the Built Environment (CABE) as “a new quarter with a distinct character”.
Patrick Power, development director of Castlemore Securities, said: “This is the culmination of a great effort by all our team to bring forward successfully a ground-breaking scheme with many innovative components, which is directly in line with government and local policy for brownfield regeneration.
“We have been working on our proposals for the site for almost two years, so we are delighted that we can now move ahead and put our plans into action.”
It will connect the new business area of Temple Meads with the existing residential and commercial areas of The Dings, Old Market and Midland Road.
Alder King represented Castlemore Securities and FPDSavills acted for SWRDA.
The first phase, a mixed-use development known as the Temple Quay core site, has provided 647,000 sq ft (60,088 sq m) of offices. Tenants include Bristol & West, Osborne Clarke, BT, Regus and the DTLR.
EGi News 06/06/02
