Merchant Place Homes has taken ownership of a residential development in Market Rasen, restarting construction and setting out plans for its future expansion.<\/p>\n
The Lincolnshire scheme, previously known as Fox Hollows, has been renamed Ridings Park following the change in ownership.<\/p>\n
The developer says the new identity reflects its plans for renewed investment and a fresh approach to completing the project.<\/p>\n
Work has now resumed on site, with the immediate focus on delivering the remaining eight properties from the first phase.<\/p>\n
These homes are expected to come to market in autumn 2026, while planning for the next stage of development is expected to progress during 2027.<\/p>\n
The homes have been designed around energy efficiency, incorporating features including air source heat pumps and electric vehicle charging infrastructure. The development is also generating work for construction specialists, trades and contractors as activity increases across the site.<\/p>\n
Merchant Place Homes says securing the site provides a route towards completing the existing phase while establishing a longer-term development programme for the wider scheme.<\/p>\n
Michael Chicken, director of Merchant Place Homes said: “This is an important milestone for both the development and the local community. Our immediate focus is on getting the site moving again, completing the remaining homes and giving buyers confidence in what comes next. Ridings Park represents a new chapter and a long-term commitment from Merchant Place Homes. We are investing in the development, supporting local employment through the construction programme and looking forward to completing a scheme that residents and the wider community can be proud of.”<\/p>\n
The company will also introduce new communication channels and provide existing homeowners with regular updates as construction progresses.<\/p>\n
With the first eight homes due to be released later this year, attention will then turn to the next phase, which Merchant Place Homes expects to progress in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"
Developer takes control of stalled site as construction resumes and next phase is planned<\/p>\n","protected":false},"author":266702,"featured_media":2113832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[127717],"class_list":["post-2113831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-featured-story","tag-lincolnshire"],"yoast_head":"\n