February 5, 2012 Brighton and Hove free press
An £80m regeneration of a derelict fruit and veg market in central Brighton will create an extra 170 full-time jobs and inject £150m into the local economy over the next ten years.
The new agreement between the developers and the council will see the site, on Circus Street, brought back to life.
In 2007 a development agreement, the ‘Grow Brighton’ scheme set out to create homes, offices, a state of the art dance studio, a creative workspace and a new library. They also agreed to build learning and teaching accommodation and academic workspaces for the University of Brighton.
However, during the further planning process, the ‘credit crunch’ occurred and the scheme has since been reviewed and improved.
The developers of the site, Cathedral Group Plc, have now proposed a change of plan and want to focus on a more financially viable scheme. They would do so by reducing the amount of office space and adding accommodation for 400 students.
The new plans would still provide 200 homes and offices alongside a new university library, dance studio, local shopping and a creative industries ‘market’ for small firms. Other benefits to the new plans would be a new street scene and a much improved public square.
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