Posted on Tuesday 7 February 2017 by ub digital

Consultation begins for royal exchange

An artist's impression of how Garfield Street in Belfast could look under the new plans

A plan to redevelop a 12-acre site in Belfast City Centre has been revitalised by a London developer.

Castlebrooke Developments said it has begun a public consultation on its plans to develop and regenerate an area previously marketed as Royal Exchange which is bounded by Royal Avenue, Donegall Street, North Street, Garfield Street and High Street.

It has submitted an outline planning application for the scheme to include retail, leisure, residential, community and office space, to “improve upon the existing detailed planning permission that has already been granted.”

The move comes as Ulster University forges ahead with the development of its Belfast City Centre campus and Belfast City Council looks to developing a major tourist attraction in the Cathedral Quarter.

The developers – who will be keen to secure a major retail name to the anchor the project – hope the new plans for the Royal Exchange project will tie the core city centre with the Cathedral Quarter and draw shoppers in its own right.

The latest in a long line of proposals, the scheme is worth £400m of investment, according to the company, and could support 3,500 jobs.

”This is the start of a process to revitalise a site which has been badly in need of regeneration for some time,” a spokesperson from Castlebrooke Investment said. “Whilst we are ready to invest in the scheme we want to make sure the whole community has a chance to have their say on the way that investment is delivered.

“We intend to implement the scheme in a way that protects the important heritage of the area by starting with the refurbishment of Garfield Street and the Northern Bank on Waring Street.”

The professional team behind the new plans includes architects and master-planners Chapman Taylor, built heritage specialists Consarc Design Group, planning consultants Savills and commercial real estate company Colliers International.

Public consultation events will take place at The Mac Belfast on 14th February from 2pm-8pm, 27th February from 2pm-8pm and 28th February from 9am-6pm.

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