Reading Borough Council has approved a £400 million development next to Reading station.
Sackville Developments – led by Reading FC owner Sir John Madejski – plans a 1.72m-sq ft mixed-use project for Station Hill.
It will include offices, residential buildings, retail - including cafes, restaurants and food outlets - an arts venue, a health and fitness facility, new public spaces and a central public piazza. A series of tall buildings are planned.
If the planning committee’s decision is ratified, work could begin in 2011, with the first phase completed by 2014.
Sir John said: “This is a huge step forward and the right thing at the right time for Reading.
“We have been working on our proposals for more than four years and our aim has always been to create a bold, flagship scheme which would meet the council’s vision for the area, impress visitors stepping off a train and offer a vibrant living, working and shopping environment for local people. Our vision is now set to become a reality.”
The Station Hill scheme will integrate with Network Rail’s and Reading Borough Council’s plans to invest £825 million redeveloping Reading Station and providing a new public transport interchange.