With 70 new homes, three new shops and a library approved, the £1.3 billion regeneration of Weston Lane shopping parade in Southampton will “breathe new life into the area”.
A £1.3 billion redevelopment of an “eyesore” estate in Southampton will provide 70 brand new homes, a new library and three new shops.
The regeneration of Weston Lane shopping parade got the green light after Southampton City Council formalised its agreement with Bouygues Development.
The retail units and flats on the parade at present will be transformed in 70 homes – 40 for private sale and 30 affordable apartments – a new library double the size of the former and three new shops.
Due for completion in the summer of 2015, the development will also include a community facility and 98 car parking spaces.
Known as one of the most deprived areas in the city, Southampton City Council said the redevelopment would combat the “continuing issue” of crime.
Councillor Warwick Payne, Cabinet Member for Housing and Sustainability, said he was “delighted” that all the necessary contracts have been signed.
“Providing a new shopping parade and homes for Weston, along with a community space and library, should breathe new life into the area and be a big improvement on what was there before,” he continued.
Demolition of the former shopping parade got underway on Monday February 17th and will take place over the course of a few weeks. Building work is expected to start on site in the spring of 2014.
The project highlights the potential for further development in the Southampton area, paving the way for property investment in the future.