Out-Law News 1 min. read
21 Nov 2012, 4:55 pm
Under the first phase of the plans the existing Premier House will be demolished and a new six-storey building will be constructed. The full masterplan proposes the construction of another building and will in total comprise up to 200 homes, 481,000 square feet of office space and ground floor shops and restaurants. New public space, including a linear park, will also be created around the new buildings. Muse Developments said in a statement the scheme could create over 1,000 jobs.
The developer bought the former Lloyds Banking Group site in August last year. The scheme is part of the Council's 'One City Plan' and builds on the Chester Central Development Framework vision, which the Council approved in 2010.
“These proposals have the potential to transform this prime yet underused site into a thriving business district that will deliver a huge boost to Chester’s commercial offer and economic growth, and provide jobs for local people," said Boughton councillor David Robinson according to local reports. “The plans for the public realm have the potential not only to benefit Chester but also local residents."
“We have worked closely with Lloyds to ensure that the new development complements its campus whilst creating an exciting new business destination for Chester," said Muse development surveyor Phil Mayall at the time of the acquisition. "We feel that the location - with its strong transport links, amenities and close proximity to the historic city centre - will prove attractive to businesses looking for modern, sustainable premises.”
Muse said it hopes to start construction on the site in 2013.