£65m city centre regeneration plans approved

A proposal for a regeneration scheme which will see 366 homes and commercial space developed in the heart of Wolverhampton’s historic Canalside Quarter has been approved in principle.The £65m proposal directed by build-to-rent developer Placefirst is for a residential scheme to be located close to Wolverhampton’s new £150m transport Interchange on land off Lower Horseley Fields in the city centre.The development will deliver the first phase of a canalside community as part of a major regeneration project in the area, providing a mix of townhouses, apartments and commercial space across five acres of brownfield land.The scheme, which will include the restoration of heritage canalside properties such as Union Mill, is designed by award-winning architecture practice jmarchitects with WSP as planning and heritage consultants.Planning permission is subject to the resolution of matters of detail, conditions and a s106 agreement.Placefirst aim to start construction later this year.The proposed development will regenerate the historic canalside location, creating a promenade, public open spaces and landscaping.Placefirst has worked with the City of Wolverhampton Council and other stakeholders such as Canal and River Trust and West Midlands Combined Authority, as well as holding an online public consultation ahead of submission.