Regeneration projects worth upwards of £840 million could deliver thousands of jobs and homes to Brighton in the coming years, as details emerge of ambitious new development plans.
Brighton and Hove Council has sold the former Preston Barrack site, after approving plans for a giant mixed-use regeneration project. Together with the University of Brighton and a consortium of architects, the project aims to build 370 new homes and almost 1,400 student bedrooms.
“Working in partnership with Brighton and Hove Council, we are on site delivering one of the most significant regeneration projects in the history of the city,” said the developers.
The project will include a new home for the University’s Business School and a 50,000 square foot hub for start-up businesses and entrepreneurs.
The second major scheme will involve the replacement of the current Brighton Centre and its cinema complex with a new Waterfront Project, extending Churchill Square shopping centre to the seafront and building a world class events and conference venue with up to 10,000 seats. The Black Rock site would also be developed.
With more than £12 million funding from the Local Enterprise Partnership and a total estimated investment of £540 million, the completed developments would create up to 2,000 jobs and boost spending in the city by £150 million per year.
Both the Preston Barrack site and the Black Rock site are currently derelict, so these projects would bring significant spaces back into use and provide a major boost to Brighton’s economy.
Swimmers in Brighton were cheered by the news that the heated open-air pool will reopen on Madeira Drive, together with a 10,000 sq ft commercial development that will bring jobs and opportunities to the area. ‘Madeira Drive is an important part of the city’s tourism calendar, drawing in thousands of visitors a year to events like the Veteran Car Run and the Brighton Marathon,” said Alan Robins, at Brighton City Council. “The Sea Lanes development would be a fitting addition to the eastern end of our seafront. I look forward to seeing the plans unfold.”
GRE Assets has an important residential development project at Brighton Marina
