Plans to transform Atlantic Wharf at Cardiff Bay

Cardiff Council is asking developers to submit expressions of interest for a new site at Atlantic Wharf near Cardiff Bay.

The council is inviting investors and developers to partner on a scheme that will transform a more than 121,000 sqm site at Atlantic Wharf near Cardiff Bay. 

Currently home to the Red Dragon Centre and car park, plans look to replace the entertainment hub with a new arena, according to WalesOnline. 

Property advisory firms CBRE and Knight Frank advised the council on the plans. 

Inside the plans 

The new plans look to build around 1,000 homes, along with a new hotel, office, retail, bar, restaurant and other leisure facilities, as well as a rail route connecting it to Cardiff Central Station. 

The council secured outline planning consent for the scheme and with full development of the area expected to take around 10 years. 

The deadline for expressions of interest is May 26. 

Atlantic Wharf Masterplan

The plans are part of the council’s wider Atlantic Wharf masterplan, phase one includes the construction of a 17,000-capacity new indoor arena. 

The council is working with The Consortium as its main delivery partner, with Robertson Group as developers and Live Nation and Oak View Group as joint operators. 

Around £280 million has been invested into this arena, around £100 million more than the original construction cost due to inflation. 

Construction is expected to start this year and is expected to be completed around 2026, with 1,000 jobs expected to be created on completion. 

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