Plans in for huge Leicester mixed-use scheme

Leicester City Council has revealed plans for a large mixed-used development as part of its Waterside regeneration scheme.

The Council has lodged plans to demolish derelict buildings in the Soar Lane/Northgate Street area and build 500 new homes with 60,000 sq ft of offices and 10,700 sq ft of retail space.

The scheme will also include new parking and improvements to pathways and roads.

According to the City Council’s public consultation document on Leicester Waterside Phase 1, the redevelopment of the area will take 10-15 years.

The Waterside area is located to the north west of the city centre between the A6 and Rally Park and contains the River Soar and Grand Union Canal.

The public consultation document states: “Regeneration of the Waterside is an opportunity to turn the area around, bring in new investment and create a vibrant and thriving neighbourhood with new homes and new workspaces. The project will make the most of the city’s waterways and open up opportunities for many more people to enjoy them. Great spaces near water are universally popular and the City has huge potential to deliver them here.”

The plans have been submitted by GL Hearn, a property consultancy based in London.