THE developer behind a £100 million regeneration project in Derby could start work on the scheme as soon as November.
Derby's City Council's planning committee this week gave the green light for the first phase of the Castleward scheme, which aims to create an "urban village" on a 30-acre site between the railway station and the city centre.
The first phase will involve the building of 163 homes, 1,500 square metres of commercial space, a central boulevard linking the station and the Westfield shopping centre and an urban park.
Now that the city council has granted permission, developer Compendium Living said that work will begin this winter. The first stage will take place on two hectares of the site and will involve the demolition of existing buildings and general preparation of the land to allow construction work to start.
The Castleward scheme will be built over a period of 15 to 20 years and comprises six phases.
As well as receiving the go-ahead for phase one, the city council has also granted planning permission for the overall project proposals, covering all five proposed phases.
Compendium's managing director Dave Bullock believes the development will create hundreds of jobs, from both its development and once it is completed.
He said: "We are very pleased to have planning permission approved for the first phase of our vision for Castleward. This latest milestone means the transformation of what is currently an unattractive and underused brownfield location into a vibrant urban village can now begin.
"Our plans for Castleward will give the area a truly 21st century feel and includes the creation of a highly desirable range of new homes.
"The city will also benefit economically, as the redevelopment will draw new businesses to the area and help to create hundreds of new jobs."
In total, Compendium's plans for Castleward include 800 homes and 36,500 sq ft of commercial space.
Peter Richardson, chairman of the Derby Renaissance Board, which oversees the city's regeneration, said: "I'm absolutely delighted that these plans have been approved.
"Despite the current economic climate, Derby is continuing to develop and invest and I'm really pleased the council is following this course of action.
"Castleward is an area of untapped potential. It will be great to see more people living in our city centre and for those stepping off the train at Derby Station, they will be presented with a shiny new front door that really represents what Derby is about.
"I look forward to seeing work on the site progressing."
City council leader Paul Bayliss said: "We are pleased that the Castleward development is moving forward and look forward to construction starting on site later this year.
"The project aims to make the city more attractive to residents, visitors and investors and it will provide a sustainable community of around 800 homes, including extensive affordable housing, schools and community spaces and this will be a significant boost for the city.
"Castleward is a key component of the council's ongoing strategy committing us to stimulating the local economy.
"It is vital that we continue to attract quality developers to Derby."