130 ha masterplan could deliver 10,000 new homes
The hunt has started to find a major private sector development partner to help deliver the ambitious Temple Quarter scheme in Bristol.
Around 130 hectares of brownfield land are being primed for the next phases of development around the Temple Meads station.
The transformation of Bristol Temple Quarter is one of Europe’s most ambitious city centre regeneration projects with the opportunity to create at least 10,000 new homes.
The existing public sector partners behind the delivery of Bristol Temple Quarter include Bristol City Council, Homes England, West of England Combined Authority and Network Rail.
Grouped together as the BTQ LLP they have now started the hunt for a potential private sector development partner.
Bristol Temple Quarter will be delivered in two phases, supported by an emerging masterplan that will set a framework for new development.
Bristol Temple Quarter
Phase 1:
Development in Bristol Temple Quarter around Bristol Temple Meads station, supported by £95m government funding.
Development will include include new commercial and residential schemes, alongside key infrastructure improvements, including three new entrances to Bristol Temple Meads station.
Deliver development value of £845m
Create 2,500 new homes and 2,200 direct jobs by 2032
Phase 2:
Regeneration of St. Philip’s Marsh to the east of the station, totalling 65 hectares.
Strategic flood resilience infrastructure is required to address key site constraints in St Philip’s Marsh to enable new jobs and significant housing.
Bristol City Council has worked with the Environment Agency to create the Bristol Avon Flood Strategy which will unlock several strategic sites including Temple Quarter. An initial £88m funding has been identified to support the first phase of flood resilience infrastructure with a further £128m required to deliver the full scheme.
Applications are due in by 23 April with shortlisted firms receiving invitations to bid for the 20 year deal by the start of June.
Click here for bid information.
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