Mountview Securities has submitted plans for the redevelopment of
Mountview Securities’ proposals for the 127,000 sq ft retail park include a supermarket as well as a mixture of shops and improved pedestrian and car access.
Tesco confirmed in March that it was in talks to buy the park from Mountview after it failed to overturn a local authority ruling that banned major retail development on the 16-acre Vaux site.
Tesco bought the Vaux site in 2002.
The
Urban regeneration company Sunderland Arc has alternative plans for the brewery site comprising around 500,000 sq ft of offices and 1,000 homes. Its plans have been backed by the secretary of state.
A spokesman for Tesco said: “Tesco is closely involved in the
“Tesco remains in ongoing discussions with both stakeholders and the council over the Vaux Brewery site. It would be a great project and just right for the town.”
Nick Chappell, managing director, Mountview Securities, said: “Submitting the planning application is an important step towards regenerating the
“At our recent public exhibition, the response was overwhelming in support of the redevelopment, which will offer modern and safe environment alongside vastly improved access for vehicles and pedestrians.”