Construction underway on major Southampton regeneration scheme
The developer and investor behind the £132m Bargate Quarter regeneration scheme in Southampton have announced the completion of funding for the project, with works starting immediately.
The development will provide 519 new homes with a mix of studios, 1, 2 and 3-bed units, along with 2,515 square meters of ground floor commercial space built around the City Walls and The Bargate – a 12th Century gatehouse to historic Southampton.
Construction is now underway following a unanimous decision by Southampton City Council’s Planning & Rights of Way Panel to grant permission for the scheme earlier this year, which is expected to be completed by late 2024 or early 2025.
Cllr Jeremy Moulton, Deputy Leader and Cabinet Member for Growth, said: ‘This is fantastic news for the Bargate Quarter, Tellon Capital and for Southampton. The development of the £132m scheme for the five-acre city centre site has been much anticipated and will transform this area, shining a new light on our significant local history and landmarks.
‘I look forward to seeing this new vision for the Bargate Quarter come to life over the next three years with hundreds of new city centre homes, new retail space, and a new linear park running alongside our medieval town walls.’
James Burchell, Partner at Tellon Capital, who are delivering the project, added: ‘We are delighted with our new partnership with Legal & General and to start work on the Bargate Quarter regeneration. Once this scheme is completed, we believe this will provide an exciting new chapter for one of the most historic parts of Southampton.
‘Our development will seek to improve the setting of The Bargate and City Walls and provide retail units along with much-needed new housing in a highly sustainable location. Crucially, our scheme also responds to the changing world created by the pandemic, to ensure we have a scheme that respects the past but is also fit for the future.
‘We would like to thank residents and stakeholders for their continued support and we’re looking forward to delivering a high-quality scheme that benefits the whole city.’
Photo supplied by Southampton City Council