Sheffield City Council targets developers for two new Heart of the City sites
Sheffield City Council has gone to market with two exciting new development plots within its transformational £470m Heart of the City masterplan.
The Council and its appointed marketing agent, CBRE, are seeking buyers for two development sites located on the former car park between Rockingham Street, Wellington Street and Carver Street.
The new developments would further contribute to the rapidly growing mixed-use district that is being created through Heart of the City – this includes the already completed Grosvenor House, plus several under-construction office, leisure and residential developments.
The two new plots are located at opposite corners of the evolving Pound’s Park, having been originally outlined during the Council’s public consultation for this landmark public space last year.
Construction of Pound’s Park is already well underway and is set to complete towards the end of this year. By prioritising the physical and mental wellbeing of its visitors – through a focus on pedestrians, cycling, active play and relaxation – the new green space is seen as a big draw for potential developers.
The sites are expected to provide active ground floor uses such as cafes and restaurants onto this high-quality public realm with office, hotel and residential uses on the upper floors considered appropriate. Whilst both sites could be developed by a single purchaser, the Council will consider separate or combined offers for the sites.
The largest of the two new sites (Site B) sits on the southeastern side of the park on the corner of Carver Street and Wellington Street.
One of the requirements for this site is that it must incorporate and display the locally cherished William Mitchell Frieze artwork, which was carefully removed from Barker’s Pool House to make way for a new Radisson Blu hotel last year.
The second site (Site A) sits to the northeast of the park on the corner of Rockingham Street and Division Lane.
"Sheffield’s Heart of the City is one of the largest urban regeneration schemes in Britain and it is brilliant to see our ambitious project is progressing with real pace. These two new sites within the scheme are in a prime location and any developers interested will need to share our strong ambition to deliver developments of exceptional quality. We’re very excited to be launching the final stage of the Heart of the City masterplan and making a city its residents are proud of."Councillor Mazher Iqbal, Co-Chair Transport, Regeneration and Climate Policy Committee, Sheffield City Council
Alex Andrews, CBRE’s UK Development Advisory Team, commented:
“The two sites offer an exciting opportunity for a developer or developers that can demonstrate their ability to deliver an imaginative, high quality, low carbon, sustainable development which is appropriate to the transformational nature of the opportunity and the surrounding proposals. We look forward to working with Sheffield City Council to find the right developers.”
The Council is keen for any proposed developments to add to the dynamism of the area and is requesting active ground floor frontages along Rockingham Street and Wellington Street, and in particular, the buildings would need to connect into and enhance the Pound’s Park experience.
Any developments would also need to demonstrate how they will contribute to Council’s low carbon agenda.
The property will be formally marketed until 30 September 2022 by leading commercial real estate experts CBRE.