UK-based consultancy and construction company Mace has been appointed by Stevenage Borough Council to undertake the first phase of a programme of £350m town centre regeneration.
Construction is expected to start in 2019.
The scheme will bring nearly £350m of private investment into the town.
The development is for the western side of the town centre, where the council offices, the Plaza, bus station and several surface car parks are located.
Mace’s scheme includes new shops, homes and a central venue for a library, exhibition space, health services and council offices.
The scheme will also create a new linear park and food and drink space with bars and restaurants in the heart of the town.
The Stevenage Borough Council’s executive committee has approved the town centre’s regeneration proposals on 14 March 2017, after which the council said it was looking for a developer to carry out the first phase of the regeneration.
Councillors had agreed that having carried out studies and worked with a commercial agent to secure land in the area known as SG1, the council is in a position to get the first phase of the town centre’s regeneration underway.
The regeneration scheme aims to deliver new retail units bordering the town square, 600 new homes, investment in the town square, create a new linear park, leisure facilities such as restaurants and bars, and a new civic hub, which will house a modern library and health facilities.
In February 2017, Stevenage First – a partnership set up to regenerate Stevenage with a primary focus on the town centre – has said that an additional £19m of government funding has been announced to boost the regeneration of Stevenage Town Centre.
Stevenage First partners include Hertfordshire Chamber of Commerce, Hertfordshire County Council, Hertfordshire Local Enterprise Partnership (LEP), Homes and Communities Agency, Legal and General and Stevenage Borough Council.
LEP secured the funds from the government as part of the Growth Deal 3 initiative for local regeneration initiatives.