Investment News | 17 December 2024
Derbion unveils updated plans to revitalise key sites
Derbion has revealed updated plans for the potential development of three key sites within its Derby city centre footprint.
The Derbion Masterplan is a framework for the long-term development of under-used land that will complement and support the existing shopping centre and its position within Derby.
It is a starting point for exploring future opportunities over the next 10 years and beyond, that will benefit both Derbion and the ongoing regeneration of Derby city centre.
Plans were originally presented in 2022 and considered the potential of two sites, Eagle Quarter and Bradshaw Way. They have now been updated with a revised layout and reduction in height of the proposed buildings. A third site, the Riverside Quarter, is also included.
Beth McDonald, managing director at Derbion, said: “As Derbion continues to attract leading retail and leisure brands, our position in the heart of the Derby means that we have an important opportunity to evolve and develop our wider footprint to improve the vitality of the city centre and increase connectivity.
“The masterplan proposals are a framework for development over the next 10 years and beyond to revitalise three key sites that will support the wider regeneration of Derby and attract and engage more people to visit and explore the city.”
Planning permission has already been granted for the Eastern Gateway project, which forms the first phase of the proposed Eagle Quarter development.
Work is now underway to create a new public square on the corner of East Street and Morledge and provide an enhanced gateway to the city from the bus station.
The Derbion Masterplan proposes how the rest of the Eagle Market site could be developed for around 500 new homes and commercial uses, within a framework of green, accessible routes and new public spaces.
The updated plans for the Eagle Quarter also include the retention of Derby Theatre, providing a green cultural square at the heart of the project.
The proposals for Bradshaw Way include around 480 new homes and commercial space around landscaped public areas, transforming the gateway site and improving links to the Nightingale Quarter.
Following the closure of the Riverside car park last year, the masterplan has been extended to encompass the Riverside Quarter, presenting an opportunity to provide around 380 new homes with new public spaces and walkable streets that will improve connections towards the river and into the rest of the city centre.
More information about the Derbion Masterplan can be found at https://www.derbion.com/masterplan/.