PROPOSALS FOR A NEW RESIDENTIAL NEIGHBOURHOOD TO BE CREATED ON THE SITE OF REGENT RETAIL PARK

Henley Investment Management who purchased the Regent Retail Park site from M&G for a sum of £16m in 2020, is planning to redevelop the site into a new residential neighbourhood with the addition of a 5 acre park to be built on the site.

11 of the industrial units would be demolished including Costa Coffee, TK Maxx, Home Bargains, and Boots.

10 residential blocks would replace them, including two tall buildings at either end.

The consultation documentation says:

Quote

 

"We want to put the wellbeing of local people at the centre of our scheme. That is why our proposals have evolved to reserve approximately five acres of green space throughout the development and create a new park on the scale and ambition that Salford and the local community needs.

"Our working vision for Regent Park is to create public spaces for everyone to enjoy, so we have divided the park into four separate areas with their own distinct characters and purposes."

 

Sainsbury’s, which occupies part of the wider site, would be retained and unchanged. 

Work on the plans is still in its early stages due to existing leases not ending on the units until 2026.

Architect Matt Brook, said:

Quote

"At the heart of our placemaking-led, people-first vision for Regent Park is a new urban park, which will provide much-needed green space for Salford residents.

"Our Masterplan creates a safe, walkable and inclusive neighbourhood where nature and architecture work together harmoniously, fostering a community that prioritises liveability and wellbeing"

Consultation is currently ongoing until the 15th March after which more details proposals will be consulted on later in the year.

Planning documents are expected to be submitted to the council by autumn this year and pending approval, construction could start as soon as 2026.

https://regentparkconsultation.co.uk/

Images ©: Henley Investment Management