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Stevenage secures developer for £350m town centre regeneration

Stevenage Borough Council has appointed developer Mace to undertake the first phase of an ambitious town centre regeneration programme, with construction expected to start next year.

Mace was selected as the successful partner following a tendering process that saw three other national developers competing for the work. The scheme brings around £350m of private investment into the town and the planned development is for the western side of the town centre where the council offices, the Plaza, bus station and several surface car parks are currently located.

Mace’s scheme, which celebrates the heritage of the New Town while bringing it into the 21st century, includes new shops, homes, and a bespoke central venue for a library, exhibition space, health services and council offices. It will also create a new linear park, and food and drink space with bars and restaurants in the heart of the town for people to enjoy.

Cllr Sharon Taylor, leader of Stevenage Borough Council, said: “This appointment makes large-scale regeneration of our town centre a reality. Mace’s scheme will complement the development already underway – most notably in Park Place – providing new spaces, facilities and homes in the centre of Stevenage and a boost to our local economy with the potential for hundreds of new jobs and training opportunities for local people. The commitment of the council, our partners, local businesses and the property sector specialists that have helped us reach this milestone all demonstrate Stevenage’s significance as a local and regional centre.”

David Grover, COO of Development at Mace, said: “We are delighted to have been chosen as the development partner for this exciting landmark opportunity to transform Stevenage town centre, and deliver new homes, shops, jobs and other fantastic benefits for the town and its residents. We are looking forward to working closely with the council, local businesses and the wider community to develop our joint vision and will bring forward proposals for consultation in 2018.”

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