Detailed Planning Consent Granted for First Phase of £200m Becketwell Scheme
By: St James Securities
At a meeting of the Derby City Council planning committee held last night, councillors considered a reserved matters planning application and voted unanimously in favour of developers St James Securities' landmark scheme.
With detailed planning consented, the company will now be able to start to work-on phase one of the scheme, which includes the construction of 259 build to rent apartments on the site of the former Debenhams store on Victoria Street.
Work is already underway to bring forward a second phase to comprise a new 3,500-capacity performance and conference venue on the site of Laurie House offices and the former Pink Coconut nightclub.
Future planned phases of the scheme include a range of other uses of the site including up to 25,000 sq. m of grade A offices and commercial space, a hotel and a multi-storey car park.
The regeneration of the Becketwell area is expected to bring numerous benefits to the city, including a repopulation of both office workers and residents which will help boost activity outside of traditional retail hours.
A report, prepared by the city council's planning department had recommended the scheme for approval, stating that:
"The development should act as a catalyst and drive subsequent phases of development on the wider Becketwell site and this important proposal will deliver much needed residential accommodation in the city centre. The proposal accords with the Development Plan when read as a whole and it constitutes sustainable development in social, economic and environmental terms."
Commenting on the decision to grant planning permission for phase one of the Becketwell scheme, Paul Morris, development director at St James Securities said:
"We are delighted that planning has been granted for what will be a landmark regeneration scheme for the city.
"We and our wider team of consultants have been working on the scheme for more than three years. To receive a unanimous decision from the planning committee is a vindication that our scheme is the right fit for the city and will provide the impetus to kick-start further investment.
"The Becketwell regeneration scheme is now set to move from being an aspiration to a reality. We look forward to working alongside Derby City Council and our other private sector partners to deliver a scheme that will revitalise a long-neglected area of the city and contribute to improving the vibrancy and attraction of the city centre overall.
"Gaining detailed approval will mean that we can now get onto site. At present, the programme is showing a start of works in May, with completion at the start of 2023."