Greyfriars preferred developer to be decided by Cabinet
The recommended developer for the Greyfriars site in Northampton town centre is to be decided by Northampton Borough Council’s Cabinet next week (Wednesday 7 September).
Cabinet will be asked to approve the scheme put forward by Developer A (Scheme 1) and to give authority for a contract to be concluded so that the development can move ahead.
The two proposed schemes were scored against a number of criteria, including their viability and their financial offer to the Borough Council. The Council also commissioned independent legal and commercial advice and met with both developers to discuss their proposals in detail, before recommending a preferred scheme.
Scheme 1, was felt to have a more viable leisure offer, to be of high-quality and to propose better links with the Grosvenor Centre and the wider town centre.
The preferred scheme proposes a mixture of retail, commercial, leisure and residential uses on this key site, including: a leisure hub with a new multiplex cinema of up to eight screens or family entertainment centre and trampolining facilities; casual dining restaurants; retail kiosks; residential flats to let; student apartments; retirement apartments; a health and fitness gym; a 110-bed hotel and a new coach station facility.
Cllr Mary Markham, Leader of Northampton Borough Council, said: “We were impressed with both schemes but felt that this proposal would result in a particularly high quality development with great links to the Grosvenor Centre and through to the rest of the town.
“This decision will be an important step forward in our ongoing regeneration of the town through the Northampton Alive programme, which is driving growth and progress.”
If the proposal to accept Scheme 1 goes ahead, it is hoped that a planning application could be submitted during March 2017.
Cabinet will meet at 6pm on Wednesday 7 September at the Guildhall.