Multi Million Pound Northshore Scheme Moves to the Next Phase
The extensive investment in the regeneration of the banks of the River Tees in Stockton is rapidly progressing.
The multi-million pound Northshore scheme is being delivered by Muse Developments in partnership with the Homes and Communities Agency (HCA) and supported by Stockton Council. Once completed, Northshore will offer more than one million square feet of housing, commercial, retail and leisure accommodation.
Following the success of the first phase of the Homezone at Northshore (Vivo), work has recently started on the second phase of Vivo, with the first of the planned 76 homes overlooking the iconic Infinity Bridge, expected to be released for sale by the Autumn.
Vivo is being developed by Muse in partnership with sister company and award-winning house builder, Lovell and the Homes and Communities Agency (HCA). The first phase is now complete with only seven of the 50 homes remaining.
A £6 million 2,323 square metre Innovation Centre for approximately 50 digital, science and technology businesses is also proposed at Northshore and following final funding approval, work could be starting on this new facility in early 2014Senior development surveyor at Muse Developments, Simon Dew, said: “The first phase of Vivo made a huge impact at Northshore and we’ve been delighted with how it has been received by the public.
“With phase 2 of Vivo under way and further commercial development plots to be announced at Northshore in the near future, we’re looking forward to welcoming new occupiers whether they be for business, residential or academia.”
Stockton Council's Cabinet Member for Regeneration and Transport, Councillor Mike Smith, said: “It is really exciting to see regeneration progressing on Stockton's stunning riverside despite the current national economic conditions”
“Anyone who chooses to live, work or learn at Northshore will be able to enjoy the benefits of being within easy reach of the town centre which regularly hosts all manner of nationally acclaimed events and festivals.
“Stockton's Riverside really is a perfect place for residents and businesses alike – what better location for businesses to grow and develop with purpose built space, within easy reach of the town centre and major transport routes within a high quality waterside environment”.
Area manager of the Homes and Communities Agency, Chris Munro, said “The Northshore development is certainly an exciting scheme not just in terms of new homes but also because it offers the opportunity for people to both live and work by the riverside”
“It is in a fantastic location and is a really good example of how through working in partnership, we can make a real difference to the lives of local people.”
Vivo phase 2 will include 76, two, three and four bedroom homes overlooking the iconic Infinity Bridge with many having roof terraces so residents can make the most of the stunning riverside location.
Other exciting developments at Northshore are also likely to be announced in the next few weeks.