UK-based property developer and investment company Hammerson has submitted plans for the regeneration of Martineau Galleries in Birmingham City Centre.
Submitted to Birmingham City Council, the planning application is part of its City Quarters concept.
The proposed scheme seeks to develop a new destination in the city. It will involve the regeneration of the 7.5 acre Martineau Galleries site that includes Square Shopping Centre, Dale End car park and 1-7 Dale End.
It also includes the development of 1,300 new homes and up to 1.4 million square feet of workspace for businesses, a city centre hotel, restaurants and cafes.
Hammerson Development and Project Management UK director Robin Dobson said: “Submitting our planning application for this strategic site in Birmingham represents a significant step forward for our City Quarters concept. City Quarters is all about creating thriving, mixed-use environments where people can live, work and relax in exceptional neighbourhoods, adjacent to our flagship destinations.
“Hammerson has a strong track record of delivering the places where people want to be, and this expertise will be applied to our City Quarters developments to create exciting, vibrant spaces in the UK’s very best cities.”
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The project will provide a £225m boost to the economy of Birmingham. It will generate 8,000 full-time on-site jobs and 350 other full-time construction jobs a year during the project.
The new homes will accommodate 2,400 people who are expected to spend £23m a year on local goods and activities.
The new hotel is expected to contribute £7m a year into the local economy with 110,000 expected overnight stays.
The project also received a positive response during the public consultation conducted last month with 85% of consultees voting in favour of the regeneration plans.