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Opportunity: Developer and occupier opportunities207 acres (84 ha)Master planners to be appointed January 2020Master planning to be completed December 2020Phase 1- former Toys R Us site 70,000 sq ft landmark office building - 1 Station Square275 residential units in three buildingsFirst section of a new Maritime Promenade from Central Station to Mayflower Park
Opportunity: Developer and occupier opportunities
Southampton City Council has revealed the development of a dynamic vision for Mayflower Quarter. The 84 hectare area is one of the largest city centre regeneration opportunities in the UK, extending from Southampton train station to the waterfront.
The plans to transform this key area in the city centre are truly ambitious. Providing world class facilities for business, homes, retail and leisure, the mixed use re-development will also re-connect an area of prime waterfront with the city centre.
Featuring cutting-edge design, Mayflower Quarter will promote urban living and working.
Master planners will be appointed in January 2020 to help realise the vision. The preparation of the masterplan is expected to take up to 12 months, completing in December 2020 to coincide with the culmination of Mayflower 400 celebrations marking the journey of the Pilgrims on the Mayflower to the New World.
The masterplan will lay out a long-term vision, linking in with the city’s Local Plan which sets out the future development of new homes, work spaces and facilities across the whole of the city over the next 20 years and beyond. Investment in sustainable transport will be key to realising the vision. The Southampton City region is one of 12 areas shortlisted for a share of the national £1.2bn Transforming Cities Fund from the Department for Transport. A final bid will be submitted in November 2019 and will include projects that have the potential to transform the public realm in the city centre, connecting people with the places they live, work and go for leisure.
The first phase of the proposed mixed use development for the former Toys R Us site was approved by Southampton City Council on 18 September 2019. This comprehensive regeneration project will commence with 275 residential units in three buildings and a new 70,000 sq ft landmark office building, directly opposite Southampton Central Station.
The construction value of Phase 1 will be around £75m and will contribute towards the need for more homes and also the shortage of top quality city centre office space, helping to meet identified occupier demand.
The completed office building will see around £27m investment in the development from Southampton City Council.
The total end value of all phases in the completed former Toys R Us development site area could exceed £150m. In addition to the initial phase of residential and office provision, there are future plans for further office, commercial and leisure space.
The first section of a new Maritime Promenade will also be delivered as part of Phase. The promenade will eventually link Central Station past West Quay and down to the water-front near Mayflower Park.
If you would like to be part of Southampton’s success story, discover more about our ambitions and the opportunities available please get in touch: