Next Phase of Sheffield City Centre Announced

16th March 2018

Sheffield City Council has announced the next phase of its city centre regeneration scheme known as Heart of the City II.

Formerly known as Sheffield Retail Quarter, the Council's new plans include proposals for premium retail and leisure brands, contemporary office and residential space, and attractive world-leading public spaces. Construction on Phase One of the scheme, which includes the flagship new office to be occupied by HSBC, as well as almost 60,000 sq ft of retail space and high-quality public spaces and squares, is well underway and on schedule for completion in 2019. There will be eight new retail units as part of this phase and talks to sign up the first major tenant are at an advanced stage. Building on the success of Phase One, Sheffield City Council and strategic development partner Queensberry will be presenting the updated masterplan to Cabinet for approval on 21 March 2018, with the key focus being on driving forward the development of the scheme. Councillor Mazher Iqbal, cabinet member for Business and Investment at Sheffield City Council, said: -I am delighted to see these new plans come forward which will make such a lasting impact on Sheffield's retail, leisure and entertainment offer. -We believe that these re-shaped and exciting plans position Sheffield brilliantly to deliver an individual and unique scheme that reflects the different ways in which people shop, live and socialise. -We are seeing schemes come forward across the city and more and more people choosing to live, work and study here. -Our entertainment offer after 5pm is thriving. These new plans will see a truly innovative city centre emerging that reflects Sheffield's changing dynamic. -We are in exciting talks with major retailers, but this is only part of the picture delivering leisure, entertainment and tourism offers that complement them is what Heart of the City II is all about. -The scheme has evolved to deliver not just a retail quarter but a new city centre mixed-use, vibrant quarter right in the heart of our city. -Our commitment to the scheme is already demonstrated by the ongoing construction of HSBC's impressive new office development and accompanying retail and leisure units. -These plans will maintain the momentum we have achieved, create thousands of jobs and place Sheffield firmly in the premier league of UK cities. The Cabinet paper proposes a phase-by-phase approach to complete the remainder of the scheme. Responding to feedback gathered during the 2015 public consultation process, the updated masterplan will aim to retain more of the city's heritage, including the retention of the Pinstone Street frontages and the restoration of historic Leah's Yard. Rather than create new streets, the scheme will follow existing street patterns important in enabling the retention of more of the existing heritage and to better integrate the new scheme with existing shopping areas. The re-worked delivery will provide a dynamic mixed-use district of 1.5million square feet in the heart of the city centre. By integrating with and complementing the existing city centre shopping areas, it will help to knit together The Moor, which has recently seen the opening of the Light Cinema and a number of new restaurants and shops, and Fargate and strengthen the independent shopping in the Devonshire Quarter by increasing footfall. New leisure facilities will feature restaurants, cafés and a food hall, as well as public realm, and two new four or five-star hotels. Completion of Heart of the City II is expected to create around 500 construction jobs and the scheme should support between 5,500 and 7,000 jobs once built. Paul Sargent, chief executive and co-founder of Queensberry, said: -In the post-Brexit marketplace, it is really encouraging to see proactive local authorities like Sheffield City Council taking their economic success back into their own hands. -They are driving forward regeneration in the short term that will kick-start much needed private sector activity in the medium term. -We have been working closely with Sheffield City Council for nearly two years now to develop a master plan that will create a renewed focus for the centre, that combines the best of the old with new buildings and enhanced public realm. -This is a key milestone and a significant step forward in this process, which will provide a transformational mixed-use development and place the city at the forefront of urban placemaking. Richard Wright, executive director of Sheffield Chamber of Commerce, added: -We are pleased to see Sheffield City Council pushing forward with the next phases of this scheme. -The revised plans really do target the high-end retail offer that the city badly needs whilst further developing the city centre as a destination for visitors. -We are particularly excited by the modular design of some of the buildings which give the flexibility to change layouts and meet changing future demands. -This is a development for 10, 20 and 50 years ahead.

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