Gateshead Council has agreed to work with developer Capital & Centric on the regeneration of the town’s Grade II-listed Old Town Hall into new neighbourhood.
The project aims to bring the vacant Victorian building and surrounding car parks back into use with homes, cafés, bars, restaurants and green spaces.
The decision clears the way for the developer to draw up detailed proposals and launch a public consultation later this year.
The project forms part of a broader effort to regenerate Gateshead, with Capital & Centric’s ambition to take on further sites across the area.
The Manchester-based developer was recently given the go-ahead to convert the UK’s first car park into housing in Newcastle-under-Lyme.
The Gateshead project marks Capital & Centric’s first move into the North East.
The firm is currently investing £3m a week into regeneration, with eight live construction sites across the country, and recently unveiled its largest scheme yet: 2,000 homes in Northstowe, Cambridgeshire.
John Moffat, joint managing director at Capital & Centric said: “We’re really chuffed to see the council share our enthusiasm as we continue to develop a detailed vision for the neighbourhood.
“The building is full of history and oozes character, which gives us the opportunity to create some really unique homes. We all know town and city centres are changing but this will inject new life into the area, bringing people to live and visit and regenerating a key town centre site.”
Leigh Kirton, cabinet member for economy and communications at Gateshead Council, said: “This is a fantastic opportunity to bring the Grade II listed building back to life by creating new homes right in the heart of Gateshead. This development is a key part of our wider regeneration plans for the town centre, helping us to create a vibrant, thriving place for people to live, work and visit.”
Image from Capital&Centric
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