Decision day for town regeneration scheme
PUBLISHED: 16:57 04 March 2009 | UPDATED: 15:42 16 August 2010
THE timescale for a £80 million town centre regeneration project is set to be decided at a meeting next week. Council chiefs are due to meet with property developers next Friday to thrash out a schedule for building work for the Bromley Reach project a
THE timescale for a £80 million town centre regeneration project is set to be decided at a meeting next week.
Council chiefs are due to meet with property developers next Friday to thrash out a schedule for building work for the Bromley Reach project at the south end of Bromley High Street.
The scheme, to be funded by private investors, includes a nine-screen multiplex cinema, 173 private and affordable apartments, 25,000 sq ft of cafes and restaurants, a 150-bedroom business hotel and a new 400-space underground car park.
Bromley council's Assistant Director of Renewal, Jonathan MacDonald, said: "The council is responding to residents' concerns about Bromley losing its status and slipping down the retail ranks, especially people choosing to go to other entertainment centres. This is a response to that challenge.
"An emphasis is on creating jobs. This is good news for the local economy and demonstrates confidence in the town centre. This is a landmark site. We have a vision to give Bromley a more attractive town centre and this is part of that plan."
The council awarded the contract to Cathedral Group property developers at the end of January. They estimate it will create 370 jobs and have forecasted a £300 million boost to the local economy over the next 10 years. It is hoped Cathedral will submit a planning application to the council early next year.
A spokesperson for Cathedral said: "We hope to submit an application towards the end of the year but there is lots of work to do first. We will be going out to public consultation this summer.
"We are delighted to be selected by Bromley to work with them to develop this site which is so critical to the future of the town centre area and look forward to working up the detail of the proposals with both the local authority and residents."
The 600-space Westmoreland Road car park will be demolished to make space for the new site.