THIS swish new vision of one of Sheffield’s busiest shopping streets could become a reality in just two years’ time - with £15 million ready to be invested.
Scottish Widows Investment Partnership, which owns the lease of The Moor, has submitted plans to replace the former McDonald’s restaurant at the top of the street opposite Debenhams with a ‘landmark’ 55,000 sq ft new glass-fronted store which also features a digital screen.
If granted permission by Sheffield Council over the coming months, construction is set to begin immediately, alongside development of the new market and shops further down the street, which already has planning permission.
At the same time, the top of the street will be repaved to the same standard as the Peace Gardens, to complement work already carried out on the lower section outside where the market will be built.
Scottish Widows said the £15 million figure would cover the cost of the new building on the McDonald’s site, plus revamping the streetscene. Sheffield Council is borrowing funding for the market,
The company said funding is ready - meaning it can progress straight away and will be ready two years before the Sevenstone city centre development. Building work on the neighbouring scheme is not due to begin until 2013 and the first stores will not be open for business until at least 2015.
Ranald Phillips, director at Centenary Ashcroft, agents for Scottish Widows, said: “Sheffield deserves a better city centre shopping environment.
“The new vision for The Moor means regeneration from top to bottom, with a rolling programme of providing modern retail space, a clean and attractive public realm and, of course, the new market building.
“This is a high quality retail scheme for the city and it will provide the people of South Yorkshire with much improved and needed facilities. The new designs for the top of The Moor show our intent on creating something that Sheffield can be proud of.”
Scottish Widows has described the scheme for replacing the old McDonald’s building - more recently used as a discount store - as a ‘landmark development which will be an important focal point and gateway at the top of The Moor with striking architecture featuring a digital screen and a sustainable brown roof’.
The new building, opposite Debenhams, will house one large retail unit spanning three floors and two medium-sized retail units.
Scottish Widows said work is due to start on site next year and by late summer 2013 the new markets as well as the nine new shops and the entire outdoor spine of The Moor will be complete.