First phase of £100m project to transform Castleward area of Derby begins
PREPARATION work has started on the £100m project which is set to transform the Castleward area of Derby over the next two decades.
Regeneration specialist Compendium Living has begun archaeological survey work and the demolition of an unoccupied building on Traffic Street.
It has also purchased a property in Canal Street that will serve as a site base.
Major construction work is due to start in January and the company expects people to be living in the first homes by the end of next year.
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The site will eventually include about 800 homes, new schools, shops, offices and a boulevard lined by trees leading from Derby train station to the Westfield centre.
The boulevard will contain shops, cafés and restaurants, as well as community facilities such as nurseries and health centres.
The scheme, covering an area the size of 16 football pitches, is likely to take 15 to 20 years to complete.
It is expected to employ hundreds of construction workers and tradesmen when work begins in earnest.
Castleward has been part of the regeneration master plan for the city since 2005.
The idea was to create a new community, replacing the car showrooms, industrial units and car parks found in Siddals Road, Canal Street and Liversage Street.
Neil Walker, project manager for Compendium Living, said: "This is a big moment for Derby and the Castleward regeneration scheme, which is set to revitalise this underused area of the city.
"This is a long-term project made up of five phases, with the time scales depending on how successful the scheme is commercially.
"We are delighted to have begun work on the project's first phase and 2013 will see the transformation of what is brownfield land begin to take shape, with a number of commercial units expected to be available later in the year."
The first phase of the redevelopment will cover approximately five acres and include 163 homes, approximately 16,500 sq ft of commercial space, a boulevard and a new urban park.
The first buildings to be ready, in the summer, will be a dozen commercial units, ranging in size from 400 sq ft to 4,000 sq ft.
The commercial units are already being marketed by property firm Lambert Smith Hampton and are likely to include convenience stores and cafés.