Work started in August 2018 on building the second phase of a £250 million regeneration project in the centre of Bristol. Set on 1.33ha of formerly derelict land, Redcliff Quarter will provide 445 homes, with cafes and restaurants, a hotel, a food court, shops and 1,858sq m of office space.
The joint venture partnership between Change Real Estate, solicitor Cannon Family Office and asset manager ICG Longbow is expected to create an estimated 400 to 500 jobs and contribute £7 million annually to the local economy once complete.
Ron Persaud, director of Change Real Estate, said: "Our vision for Redcliff Quarter is for a vibrant and inspirational development, influenced by the character and heritage of this historic area of Bristol. This is an area in great need of investment and care, having lain untouched for many years".
"We were able to see the long-term potential in this site from day one, to transform a derelict and little-used area into a development that will make a positive contribution to Bristol."
The first visible elements of phase two will be two residential blocks adjoining the completed homes within phase one. The seven and eight-storey blocks will front onto a new pedestrian street, running from Redcliff Street across to St Thomas street. The project will also include what will become one of Bristol’s tallest residential buildings at 22 storeys, fronting onto the street.
Deputy mayor for finance and governance at Bristol City Council, Craig Cheney, said: "This development will help breathe new life into the area, bringing a positive economic contribution to the city and ensure Redcliffe continues to play a role in helping us build a city of hope and aspiration."
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