Nationwide placemaker, Muse, has signed a development deal which could see 1,000 new homes built in a city in the Midlands.
City of Wolverhampton Council has entered into an agreement with ECF, a joint venture between Homes England, Legal & General, and Muse, to deliver the City Centre West regeneration scheme.
The phased transformation could see between 800 and 1,000 residential properties constructed in the long term, alongside new leisure and retail facilities as well as public spaces.
City Centre West, which includes the former Westside development area, will be the largest regeneration scheme in the city centre, covering a 12-acre site linking School Street and Darlington Street, including the area around Market Square.
It will also be the first project delivered by the public-private partnership in the Midlands.
ECF will work up a development proposal ahead of submitting a detailed planning application for Phase One and an outline planning application for the rest of the site later this year.
The proposals will be subject to consultation over the coming months.
The news follows around £2.6 billion of investment into Wolverhampton city living projects, revealed at the City Centre Living Showcase, creating 6,500 new homes and 4,000 jobs.
Councillor Chris Burden, cabinet member for city development, jobs and skills, said: “The council approved ECF as the preferred partner for City Centre West because of their strong track record of working with local authorities in partnership to create great places, bringing together investment and their regeneration expertise, while providing long-term commitment to social value outcomes.
“City Centre West will provide essential new housing, new jobs, and commercial opportunities to help revitalise the city centre, as well as provide the social and economic benefits of linking the city centre back into the surrounding suburbs.”
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