The McCabe Family’s Scarborough Group has signed retailer the Range for its £26.6m Marina Quay development in Rhyl, North Wales.
The Range has signed for a 35,000 sq ft shop with a 5,000 sq ft external garden centre on a 20-year lease and will be the new anchor tenant for the 16-acre mixed-use scheme.
Harvey Spack Field and Rawstron Johnson advised on the deal.
Scarborough Group acquired the site, formerly known as Ocean Plaza, in 2010 after the previous owner entered administration.
The scheme, designed by NW Architects, covers 74,800 sq ft of open retail use and 44,100 sq ft of non-food retail.
Scarborough will now be submitting a reserved matters application for the first phase of the development with a view to starting construction of the first phase at the beginning of 2016.
Scarborough associate director Kate Hower said: “The Range letting is an important and welcome milestone for the Marina Quay site. It will enable us to bring forward the development, thereby providing the significant regeneration of a challenging brownfield site and providing an exciting retail and leisure scheme which will provide local jobs, encourage visitors to Rhyl and complement the surrounding natural environment.
“Marina Quay is located on a unique and prominent position on the Marina’s frontage, yet is only a short stroll from the town centre. As a result, we have received significant interest from national and local occupiers who recognise the sites potential. We anticipate that the main construction contract will start in early 2016, subject to our reserved matters application being acceptable to the local authority.”
