Morgan Sindall has secured a £220 million deal to redevelop the town centre of Blackpool.
The Talbot Gateway agreement – between Blackpool Council and Morgan Sindall’s urban regeneration business Muse Developments – will result in the construction of 160,000 sq m of office and business space, as well as retail and hotel units, on a 10 ha plot near Blackpool North Station.
Urban regeneration firm ReBlackpool has been working on the major scheme since 2006.
Muse Developments was selected as preferred developer in 2007 and since then has been working closely with ReBlackpool and Blackpool Council to refine the plans.
Muse regional director Mike Horner said that “even in these difficult economic times, we are confident of our investment in Blackpool”.
Developers hope construction will begin in two years following consultation, planning approval and procurement.
ReBlackpool chairman Sir Howard Bernstein said: “This agreement marks the culmination of three years of hard work and marks a significant milestone in the regeneration of Blackpool and its transformation into a year-round resort.”
He added: “This project will transform a neglected and under-utilised area of the town into a welcoming family-friendly gateway, encouraging more people to visit, providing better services for local people and encouraging inward investment.”
Blackpool Council has already committed to relocating its offices to a new building in the development.
Provisions will also be made for parking facilities and a public transport interchange as well as allow for a potential divisional police headquarter buildings, health centre and a new library.
Morgan Sindall will begin work in 2011, allowing for a consultation period and the submission of outline planning for the scheme.