Developers are being sought to transform a derelict site in Portsmouth that will create 1,500 jobs and see the building of up to 1,600 new homes.
The Homes and Communities Agency (HCA) has announced it is seeking a development partner to build and market the first 80 new and affordable homes at its site in Tipner. Work by Portsmouth City Council includes the creation of a new motorway interchange and park-and-ride facility.
The site has undergone an extensive clean-up over the last year, which has seen the HCA invest around £3 million in preparing it for residential development.
This work has been carried out by specialist construction company the Tamdown Group, who have worked closely with local residents to keep them informed about progress on the site over the last year.
Kevin Bourner, HCA head of area, said: “This first phase of development marks an incredibly important step for a project which stands to make a hugely positive contribution to the local community and wider economy over the long-term.
“It will set the standard and tone of the rest of the development and demonstrates to those who have backed the project for so long that progress is being made. This is a complex project, which has required a great deal of work to get to this stage.
“I am confident that prospective partners will see what a fantastic opportunity this represents to be part of an exciting scheme that has the potential to regenerate the area for future generations.”
Kathy Wadsworth, director of regeneration at Portsmouth City Council, added: “Tipner will be an important new residential and employment area at the gateway to the city, with major new transport infrastructure and waterside developments.
“It is a major part of our plan to bring £1 billion worth of investment into the city. The new motorway junction will enable more development in the area, and the park-and-ride will cater for visitors to our new-look city centre, which is being planned now.”