West Northamptonshire Council has named Cityheart as its preferred development partner on a £130m-plus-GDV regeneration scheme.
The developer has been appointed to oversee the Four Waterside and Marefair sites, which together comprise one of the largest brownfield developments in the county. The two sites total five acres.
Works are expected to start in 2025, providing a new hotel, grade-A office space for new and existing businesses, homes and improved public realm.
The mandate marks Cityheart’s first appointment via the Pagabo National Framework Agreement for developer-led schemes.
The council has secured a £1.5m grant from the Towns Fund and a further £7m from the Northampton Waterside Enterprise Zone to help finance the project.
Daniel Lister, council cabinet member for economic development, town centre regeneration and growth, said Cityheart’s expertise “will be invaluable in transforming the two vacant brownfield sites and providing high-quality facilities to meet the needs of our local community and benefit our local economy”.
Lister said: “This area has stood empty for too long, and we are excited to now begin the relevant preparation before we start work in 2025. Once complete, this development has the potential to have a transformational impact upon Northampton town centre and beyond.”
Andrew Sanderson, development director at Cityheart, said: “This superb site will open up the gateway to the town centre from the rail station and will be transformational for Northampton. It will deliver waterside residences and highly sustainable workspace, enhancing the living experience for people in the town centre.
“Cityheart is extremely proud to be appointed as preferred developer and we look forward to making a start on the project before the end of the year.”
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