One of Sheffield’s biggest developments - set to create a new business quarter in the city centre - is close to being signed.
The West Bar scheme could include up to nine buildings on a seven-acre site which could eventually house up to 3,000 workers. The plot is behind the Crown Court and bounded by Coproration Street and Bridge Street.
As well as offices, it is likely to include apartments, a hotel, shops, cafes and bars.
The massive scheme was revived by Chesterfield regeneration specialist Urbo and Sheffield City Council in 2011 after previous developers Castlemore Securities went bust.
Some of the land had been locked away due to the Castlemore administration.
Now, agreements with several parties - including financiers, constructors, existing occupiers, Sheffield City Council and administrators PwC - are set to be signed within weeks.
The scheme could take up to 10 years to complete and involve up to 3,000 construction workers.
A Sheffield City Council spokesman confirmed the scheme had outline planning permission.
Coun Leigh Bramall, cabinet member for development and business, said: “The signing of this development agreement will mark another very significant step forward for Sheffield’s Riverside Business District which will bring forward one of the largest single office and residential development sites in the city centre.
“Together with the first phase of the ‘Grey to Green Corridor’, it will raise the quality and profile of this part of the city centre which also contains our Crown and Family Courts and many major employers.”
The West Bar area is already subject to intense activity, with the planned conversion into flats of Peel House, Crown House, New Bank House and Weston Tower.
A Hampton by Hilton hotel opened last year.
The site adjoins the Kelham Island quarter which has seen the construction of scores of flats, with dozens of homes in the pipeline.
And, if Sheffield’s lobbying is successful, it will be close to the planned HS2 station on the old Victoria Station site near the Holiday Inn Royal Victoria.
Urbo is a joint venture between Chesterfield developers Bolsterstone and Arnold Laver, led by director Peter Swallow.