Muse has been involved in the proposed overhaul of the Longfield Shopping Center since 2016. credit through Muse
The creation of a joint venture with Muse Developments to regenerate Prestwich city center, plus plans for more than 250 homes across brownfield sites in Radcliffe and Whitefield, is to be signed by the council next week.
Renovation of Prestwich
Bury Council comitted the acquisition of the Longfield Shopping Center from the Hollins Murray Group in August, paving the way for Muse Developments to transform it into a blending scheme.
Next week, the authority is seeking cabinet approval to sign the creation of a 50:50 joint venture with the city center’s regeneration specialists Muse.
Muse is working with several local authorities throughout the North West to renew city centers, including St Helens, Wirral, Blackpool and Salford.
The developer has an option agreement on the lease in Longfield Shopping Center, which expires in 2025. The council has ruled out waiting until the expiration of this option and instead has chosen to proceed with the project in partnership with Muse.
A planning application for the remodeling of the mall is expected next spring, and work on the site could begin in 2023, according to a cabinet report.
The project must include housing, a library and a community center, work areas for small businesses and a market hall.
The joint venture agreement will enable the council to “leverage the commercial expertise of an experienced partner who can deliver at a pace”, the report said.
Addleshaw Goddard has provided legal advice to the Council on the creation of the joint venture.
Wheat Fields, Whitefield
Onward Homes will provide 30 affordable and three-bedroom homes on the 2.5-acre site in the former Wheatfields Day Care Center in Whitefield.
The site has been vacant since the center was demolished in 2018 and is part of the Bury Council’s Land Disposal Program, which aims to raise capital income.
On-site development is viable “based on market values, abnormal construction costs and construction costs”, and brownfield funding is needed to unlock it, according to the council.
“Therefore, the Council has been awarded £ 350,000 by the Greater Manchester Combined Authority to resolve viability issues and expedite delivery of this site.”
Steven Heverin, Development Director at Onward Homes, said: “The Wheatfields site is a great opportunity to build sustainable, affordable, high-quality housing in response to local housing needs.
“Our ambition is to work with locals to make the best possible proposals for the development of this brownfield area with a mix of leases, including ownership of affordable housing.”
Provided the Cabinet approves the disposal of the site to Onward, the project could begin early next year and be completed in the summer of 2023.
Watson Homes and Hive Homes will supply a total of 225 properties across two locations in Radcliffe, subject to land sale approval to the developers.
On Green Street, Watson wants to provide 136 apartments, 75% of which will be available for shared ownership.
In addition, the development could contain 13,000 square meters of commercial space.
The proposed site was previously occupied by the Radcliffe Swimming Pool and has been identified as part of the Radcliffe SRF 2020 as an important placement component suitable for a medium-scale, up to six storey height gateway development.
A planning application for the project is expected in December.
On School Street, Hive, a joint venture between 10 registered providers and the GMCA, plans are progressing for 89 three- and four-bedroom homes on the site of a former high school.
Extensive site work has already been carried out, funded by £ 882,000 from the GMCA.
The development could generate £ 158,000 a year in council tax, according to Bury.
Work will begin next March and be completed in 2024.