Strong interest shown in hotel opportunity at £320m Waterside development
There is strong interest from hotel operators following news that Chesterfield’s £320million Waterside scheme has moved into planning.
As application for Site Enabling and Infrastructure Works for the Phase 1 Layout of the £75million Basin Square has been submitted, paving the way for a hotel, office accommodation, apartments and a multi-storey car park.
Peter Swallow, Managing Director of Bolsterstone Plc which is developing the site, said “With Chesterfield’s proximity to the Peak District National Park, mainline train station and excellent road networks, there is a great deal of interest in the hotel opportunity at Waterside.”
If approved, the planning applications will facilitate delivery of the development of an exciting mixed-use first phase of Basin Square, on the site of the former Trebor factory beside Chesterfield Train Station. The development promises to be of a scale and quality not previously seen before in Chesterfield and will elevate the town’s profile further.
Work on site infrastructure and preparation is expected to commence this summer and be completed by the end of 2016. Delivery of the works will pave the way for the development of the first phase of Basin Square in 2017, which is expected to create more than 300 new jobs.
The application has been brought forward following the award of a £2.7million Sheffield City Region Infrastructure Fund (SCRIF) grant. The grant, which was secured by Chesterfield Borough Council in partnership with developers Chesterfield Waterside Limited, has enabled the first phase of the development’s £75 million Basin Square scheme to be brought forward by the site’s developers.
A Planning Application for the Basin Square Site Enabling and Infrastructure Works, and Phase 1 Layout, has been submitted, comprising:
- Clearance of the former Trebor factory site, preparation of building platforms and delivery of site infrastructure.
- Relocation of the existing temporary carpark to the north of the site
- Creation of an acoustic noise bund along the A61 on the former Arnold Laver site
- Illustrative proposals indicating the proposed height and massing for the buildings to be constructed in Phase 1.
Peter Swallow added: “The submission of planning applications for the first phase of Basin Square is a significant step forward for the Chesterfield Waterside development. Once preparation works are complete and the infrastructure is in place, it will facilitate delivery of development on both Basin Square and The Park, enabling us to progress with the second phase of detailed planning applications for the buildings themselves shortly afterwards.
Interested hotel operators should contact Knight Frank on 0114 272 9750 or email [email protected]