Developer named for £130m-plus regeneration scheme
The preferred developer has been named on a huge £130m-plus regeneration scheme in Northampton.
West Northamptonshire Council (WNC) has confirmed that Cityheart has been announced as its preferred development partner to bring forward the Four Waterside and Marefair sites.
Situated at the entrance of the town from Northampton’s railway station, the Four Waterside and Marefair scheme is one of the largest brownfield developments in the county with two sites totalling five acres. Work is anticipated to start in 2025, bringing forward a new hotel, grade A office space, homes and improved paving and planting.
This is Cityheart’s first appointment via the Pagabo National Framework Agreement for Developer-Led schemes
WNC has secured a £1.5m grant from The Towns Fund and a further £7m from the Northampton Waterside Enterprise Zone, to help deliver the project which will contribute to the wider transformation across the town. The Towns Fund is part of the Government’s plan for Levelling Up the UK economy and the Council has secured £24.9m to invest into transforming Northampton town centre.
Councillor Daniel Lister, cabinet member for economic development, town centre regeneration and growth, said: “We are delighted to announce that we are working with Cityheart to deliver this significant development. Their expertise will be invaluable in transforming the two vacant brownfield sites and providing high-quality facilities to meet the needs of our local community and benefit our local economy.
“This area has stood empty for too long, and we are excited to now begin the relevant preparation before we start work in 2025. Once complete, this development has the potential to have a transformational impact upon Northampton town centre and beyond.”
Andrew Sanderson, development director of Cityheart added: “This superb site will open up the gateway to the town centre from the rail station and will be transformational for Northampton. It will deliver waterside residences and highly sustainable workspace, enhancing the living experience for people in the town centre. Cityheart is extremely proud to be appointed as preferred developer and we look forward to making a start on the project before the end of the year.”
