Plymouth City Council has resolved to grant planning permission to Thames Bank Property, advised by planning and development consultant Iceni Projects, for the £50 million redevelopment of the former Derry’s Department Store in Plymouth.
The 300,000 sq ft mixed-use scheme is set to rejuvenate the western edge of Plymouth and support the ongoing regenerative vision of the council. The redevelopment will include the delivery of 500 student accommodation beds (in a mix of clusters and studios), a 100-bed hotel, which will help accommodate the ever-growing tourist numbers in the city along with some 60,000-sq-ft of commercial space that is primarily aimed at food and beverage providers.
Colin Morris at Thames Bank Property, said: “The redevelopment of the former department store presents a significant opportunity to develop a high-quality scheme that will not only ensure long-term sustainable use, but will also provide a welcome and enhanced night-time economy to the western end of the city centre. This is an exciting time for Plymouth and we look forward to delivering this project over the coming years.”
Ian Mayhead, Associate at Iceni Projects, added: “Iceni has demonstrated successful multi-discipline working by helping secure planning permission for the redevelopment of the former Derry’s Department Store. Our planning and engagement consultants have worked alongside each other to great advantage, and we are thrilled to have aided in the approval of a scheme which will transform this underutilised, landmark building.”
The project is due to start on site in early 2017 and is estimated to complete in August 2018.