A planning application seeking permission to demolish New Look in Stevenage town centre and build a 21-storey block of flats in its place has been submitted to the local authority.
The proposed development at 9-11 The Forum would see the three-storey unit knocked down to make way for a 69-metre-high building of 225 flats available for rent.
Flexible commercial floorspace of around 430sqm would be provided on the ground floor, along with facilities such as a parcel room, bike store and bin store.
On a mezzanine floor, there would be indoor amenity space which could comprise of social areas, workspaces and a gym, the developer suggests as an example.
There would be outdoor amenity space on the mezzanine level too, with residents’ terraces located here.
Residential accommodation would be located on the upper floors, from floor one to 21.
Under the plans, development heights across the site would be varied and spread across one block of up to 21 storeys.
The plans do not include any parking spaces.
The developer, Reap 1 Limited, has submitted a full planning application to Stevenage Borough Council.
Reap says the proposed development will bring significant economic benefits, including 240 direct construction jobs per year over the 43-month duration of the build, as well as generate £490,000 per year in council tax.
The proposed development will also lead to private sector construction investment amounting to approximately £74 million, Reap says, as well as generating £5.5 million per year from residents spending money on retail and leisure services.
An Economic Benefits Assessment accompanying the planning application says: "The town centre experiences relatively high levels of deprivation, and new housing could support with the council’s regeneration aims and improve the overall quality of life for residents.
"By increasing the number of town centre residents, this is likely to increase city centre footfall, supporting local retailers and encouraging expenditure retention.
"It is anticipated that new residents could also boost Stevenage’s night time economy, bringing footfall to existing restaurants, bars and leisure facilities outside of core office and retail trading hours."
If planning permission is granted, it is expected that demolition and construction will begin in May next year, and the proposed development will be fully operational by November 2028.
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