Nottingham firm wins race to develop Sherwood mixed-use scheme
Plans to build a new library in the Sherwood area of Nottingham have taken a major step forward after contracts were signed with a developer to redevelop the entire site.
The Sherwood Library site, located on Spondon Street, is currently owned by Nottingham Council, and includes former social services offices, a car park and three retail units, as well as the existing library. The current buildings are in a poor state of repair and the library no longer meets the standards expected by library users.
In 2017, Nottingham City Council conducted a consultation with Sherwood Library users about the next steps for the building. Following on from that, last year the council carried out an exercise to identify a preferred contractor to buy and develop the site. The contractor has been named as Hockley Developments.
The deal will see a mixed-use scheme created, subject to planning permission, which will include a new public library, homes and a large retail unit. As part of the development, a new public car park will replace the existing one.
In exchange for the value of the land, a new library will be provided, which will be more energy efficient and economical to run. The arrangement means that the council will lease back the library on a long-term lease, but retain ownership of the new car park.
Subject to obtaining planning approval, Hockley Developments expect to be on site early in 2021.
Alan Forsyth, managing director at Hockley Developments, said: “We are delighted to have been chosen to partner with Nottingham City Council to carry out the redevelopment of Sherwood library and the surrounding area.
“As a Nottingham based property development company, employing hundreds of Nottingham based workers directly and indirectly, this is a project that excites us and we look forward to investing over £6m in the Sherwood area over the next two-and-a-half years. We believe this investment will create many jobs during the development, and many long-term jobs through the creation of a large commercial space plus some much-required further housing in the area, in an excellent residential area, just 1.5 miles to the city centre.
“We expect to be on site early in 2021 after submitting planning in December this year – with the library handed over late Summer 2022, and further housing being completed over the following 12 months”.