Brownfield regeneration specialist Inland Homes has been appointed as Development Partner for Southampton City Council after signing an exclusive agreement for the redevelopment of the city’s former town depot.
The 8.9 acre site, which is known as Chapel Riverside, is located on the River Itchen close to Ocean Village, and has an approximate GDV of £100m.
The agreement with Southampton City Council will bring forward a mixed use scheme with marine based employment space, a minimum of 380 residential properties and public access to the waterfront via a new river walkway.
Proposals for the site include delivering 300m of river flood defences, the diversion and reconstruction of a new underground surface water storage tank for Southern Water and the archaeological investigation of a mediaeval chapel.
Mark Gilpin Planning Director at Inland Homes says; “Chapel Riverside is a prime riverside site which presents some big technical challenges. Its development will showcase our strengths as a company keen to take these on board.”
Inland Homes’ Chief Executive Stephen Wicks says; “Chapel Riverside is within easy walking distance of Southampton city centre and will link this part of the city to the River Itchen, opening it up to the public for the very first time. We are hugely excited to be working with the City Council to bring the scheme forward.”
Leader of Southampton City Council, Councillor Simon Letts said: “The development of the Chapel Riverside site is another progressive step in the transformation and regeneration of our city. This project will allow full public access to another section of the city’s waterfront and I’m pleased that an agreement has been reached with Inland Homes to carry out this high-profile work. I’m confident they will deliver a fantastic redevelopment of this site which will include a mixture of new homes and business units and will be easily accessible to and from the city centre. I very much look forward to the work getting underway.”
Inland Homes is also developing Meridian Gardens, a scheme of 350 new homes located on the site of the old Meridian TV Studios next to the River Itchen in Southampton.
Both Chapel Riverside and Meridian Gardens have been designated ‘VIP’ sites in Southampton as part of the wider Itchen Riverside project. These sites and others are central to the regeneration objectives of Southampton.
Development of the Chapel Riverside site is anticipated to start in 2017 with completion expected in 2022.
For further information please visit the Inland Homes website at www.inlandhomes.co.uk