Centros UK has named McLaren Construction as preferred bidder for the £20 million redevelopment of Hoddesdon town centre, Construction News can reveal.
A Centros spokesman confirmed a final contract award is expected in the coming weeks ahead of a start on site in late spring.
It is hoped the scheme will help revitalise the area which has long suffered from low occupancy rates and high tenant turnover.
London based developer Centros claims the scheme will encourage more people to visit the town centre.
Development director John Marsh predicted last year the scheme would create between 300 and 400 jobs.
Under the plans, a new car park will take the place of the centre’s range of inward-looking units with the existing pavilion near to the clock tower retained and enhanced.
The 58,000 sq ft single-level food store will be positioned on the northern side of the tower but with its main pedestrian entrance alongside the tower and facing the town centre.
Near to the clock tower, the existing pavilion will be retained and enhanced using similar materials to the rest of the development.
Its covered shops will provide space for existing retailers and new ones seeking to benefit from the increased footfall that the food store will generate, while the offices above will continue to provide space for local businesses.
The residential tower – home to more than 60 tenants and their families – is to be retained and the external finishes are to be improved.
A new canopy will be provided along the front of the tower and two new entrances will face the town centre, with a third directly onto Burford Street.
The residents will also benefit from a new community facility and upgraded, secure car parking.
The development will have two shoppers’ car parks – on the surface in front of the tower and on two levels below the store – providing around 250 spaces in total.