Great Charles Street Agreement

By on 05/12/2011 in News

An agreement that paves the way for a revised mixed use scheme at Great Charles Street, on the site of the Ludgate Hill Car Park is due to be presented to Birmingham City Council's Cabinet on Monday (12th December)

Members will be asked to approve entering into a revised conditional agreement with a preferred developer to kick start development of the site that will deliver the scheme over four distinct phases.

The Ludgate Hill car park is a key element of the Big City Plan and development of the site will deliver economic growth adjacent to the City Centres office core.

This will assist in the delivery of a key objective of the Big City Plan to transform the pedestrian links between St Pauls Church and St Phillips Cathedral. The site is within the Jewellery Quarter Conservation Area and as such development will need to be handled in a sensitive manner to deliver a high quality scheme.

It is anticipated that up to 500 jobs will be supported over a 6 year construction period, with a further 2,500 jobs being created as a result of the anticipated inward investment over the next 8 years, the majority of these jobs will be new

Historically development of the site has proved challenging with a number of developers expressing an interest but firm proposals failing to materialise.

Talks with the current developer have been ongoing since 2007, but due to the impact of the wider economic environment could not be brought forward until this point.

Cllr Randal Brew, Cabinet Member for Finance, said: “I am delighted that we have now reached a point whereby a sustainable plan for the regeneration of this site is on the table. The City Council has never wavered from its belief that with the right developer we could use this plot to unlock significant economic and job growth potential.

“This development sits alongside and further compliments other major projects currently underway or planned in the city, such as Paradise Circus, New Street Gateway, the Metro extension and Library of Birmingham, to deliver the growth plans outlined in both the Big City Plan and Enterprise Zone proposals.

Mike Whitby, Leader of Birmingham City Council, said: “I am delighted to see further interest and further developments taking place within the City of Birmingham. The Great Charles Street site has formidable potential, as highlighted within our Big City Plan, playing a major role for both the City Core and the Jewellery Quarter.

“I hope we can see this announcement as yet more support and interest in Birmingham’s very exciting future and development.”

ENDS

Tags: , , ,

Subscribe

If you enjoyed this article, subscribe now to receive more just like it.

Top