St. Modwen, the UK’s leading regeneration specialist, has submitted an outline planning application for the development of 100,000 sq ft of retail space at its multi-million pound Leicester Road scheme in Rugby.
The retail element forms an integral part of the next phase of the development at the former Alstom industrial site.
The site is bounded to the north by the existing Junction 1 retail park and has direct access along Technology Drive with Leicester Road and its numerous retailers.
If approved, the scheme will create around 100,000 sq ft and 310 car spaces with the opportunity for a major occupier to sit alongside a variety of retail units of varying sizes. Each unit will have the ability to include mezzanine floors.
Peter Rudd, senior development surveyor at St. Modwen, said: “The next stage, which includes the retail element of Leicester Road, is a major part of the regeneration of this former industrial site, helping to transform the area. We are already on-site building 175 houses which will be followed shortly by a further phase of housing comprising of 187 houses. In addition consent exists for aHungry Horse family restaurant. The retail units being proposed are the next phase to create a truly mix use sustainable community.
“We are in discussion with a number of potential retail occupiers and hope to be able to make announcements shortly.
“Given the growing requirements of the local area, and existing adjacent retail offer, these proposals will further enhance the location.