BEC, a Cumbrian property firm, has unveiled plans for the transformation of Whitehaven’s North Shore in the UK.
The £55m first phase of development at North Shore includes a four-star hotel, 400-space car park and an office building.
The five-storey hotel will feature 100 rooms and is expected to be a major social spot for locals as well as a tourist facility.
The former Mark House site will be home to a five-storey, 75,000ft² office scheme with ground floor mixed-use space, offering more footfall to the harbour area and town centre.
The project is being developed with partners including Whitehaven Harbour Commissioners and Copeland Borough Council, and also includes a mixed-use office and café development.
BEC head of property and development Rob Miller said: “The scheme has been estimated as a £300m development in total. Funding will be a mix of private commercial finance, social and civic funding, and direct investment from BEC.
“We’ve worked hard to not only develop exciting plans for Whitehaven, but commercially viable ones too. This is the start of a new era, where Whitehaven and beyond can attract top investment from across the country.”
BEC stated that it is working in partnership with Cumbria County Council to deliver a highway solution which will not only underpin and service the North Shore scheme but deliver a significant upgrade to the main entrance to Whitehaven town centre from the northern access.
BEC CEO Michael Pemberton said: “Assessment of North Shore sites and their potential for the town of Whitehaven have been a key action for us at BEC for some time.
“We have been patiently considering scheme arrangement and how it will deliver the longest term improvement for the town and I am confident my team, together with our partners, have developed ideas that will bring about lasting positive impact.
“We are now delighted to be able to share our thoughts to the public and other industry stakeholders over the coming month.”
BEC stated that the scheme has the potential to be part of improvements to the town, during a second phase, worth £300m.