Developer Friargate Coventry LLP, has received permission to discharge a condition under the Outline Planning approval for the revised masterplan for the 3 million sq ft Friargate development.
The revised Masterplan (Masterplan 2) addresses traffic concerns raised by local residents when the scheme was granted planning permission in January 2010.
The approved development plans include 14 Grade A office buildings, two hotels, new homes and streets with shops. The high quality office buildings – which will have restaurants and shops at ground level – will face the Warwick Road and a new public square will be created in front of the train station. The new homes will be located in the quieter areas of the site around Grosvenor Road and Manor Road. In total, 26 new buildings are included within the masterplan for the mixed use scheme.
The Council and Friargate Coventry LLP will complete a planning agreement which will include a funding contribution towards short term traffic mitigation measures in the area prior to works starting on site has also been put forward by the developer.
Councillor Linda Bigham, Cabinet Member for City Development said: “The decision certainly provides a great opportunity for a fantastic new development for Coventry. Friargate will undoubtedly support the transformation of the area around the railway station, which for many people is the gateway and first impression they get of our great city.
“The development will create 1000s of new jobs and provide direct connectivity into the city centre that has not been possible in previous years. No other city reinvents itself better than we do, but we believe that the community is central to our city. I’m therefore delighted that we have been able to work with local residents through the Liaison Group, which was formed in June 2010 on the recommendation of the planning committee, to make sure that the development works for them too.”
The news of the planning approval has ensured that the Friargate scheme will remain on programme for development to start in 2012. The next steps for the development team will be to work up detailed proposals for the first phase of development, including the public realm surrounding the site
A spokesman for Friargate said: “As the national economy moves into stronger growth, we believe that Coventry will face an undersupply of quality and sustainable office space. The Friargate project will be one of the very few office-led schemes ready and able to offer efficient, low-carbon buildings that meet the needs of the modern business. With outline planning now in place, we can work with Coventry City Council to aim to bring about a transformation of the city, creating a vibrant and high quality business destination of choice for the new buoyant economy. It will offer strong national links via rail and road, coupled with vastly improved local connections whether on foot, cycle or public transport.”