Tuesday, 29 September 2015
New Future Planned for Chesterfield’s Former Co-Op Building
The Co-Op closed the doors of its department store in 2013 and it has been a key target for redevelopment since. A joint venture has now been agreed between Central England Cooperative and Jomast Developments Ltd to re-use the existing four storey building and create a new leisure development for Chesterfield. Planning permission is expected to be submitted for consideration on 12 October and it is anticipated that this application will include:
- An 89 bedroom hotel on the upper floor
- Six family restaurants, of between 2,929 sq. ft. and 3,796 sq. ft. in size, on the ground floor
- A 16,000 sq. ft. health and fitness area in the basement
Adam Hearld, development director for Jomast, said: “This is a hugely exciting opportunity to revitalise a significant landmark building and create a vibrant leisure destination comprising restaurants, hotel and health and fitness accommodation in the heart of Chesterfield town centre.
“We are in the process of talking to a number of established national operators who are keen to locate in the town and benefit from a market which is currently lacking in real choice for leisure consumers.
“We will hopefully be successful in securing planning consent and able to commence works on the scheme in the New Year."
Councillor John Burrows, Chesterfield Borough Council’s leader and cabinet member for regeneration, said: “The former Co-Op store is a really important site because it occupies such a large and prominent part of the town centre.
“Our economic development and planning teams have done a huge amount of work behind the scenes with Jomast and Central England Cooperative to enable us to get to a day where a planning application can be submitted that proposes a new future for this important site within the town.
“However, as with all planning applications, the council’s planning committee will have to consider the application with an open mind, balancing all aspects of the scheme, and taking into account the opinions of the public, businesses and other bodies, before coming to a decision.”
Peter Swallow, Chair of Destination Chesterfield, the town's inward investment campaign, said: "I'm delighted that the potential of the former Co-Op building has been recognised by investors. It has a prime spot in the town and plays a key role in the town centre master plan. Chesterfield already has very low shop vacancy rates and the proposed redevelopment of the former Co-Op store will further enhance the town's offering, helping us attract further town investment as well as make us a go to destination for shoppers and tourists.”
Scott Knowles, Chief Executive of East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire), said: “It was a huge blow to Chesterfield when the Co-Op closed its doors in 2013, but it’s great to see that significant progress has been made to bring the iconic building it vacated back into use to boost the town’s leisure offering.”
The news of the proposed redevelopment plans for the Co-Op building follows on the back of the announcement earlier in the year that £1billion of investment is taking place in the Borough over the next 10 years, including the £400 million Peak Resorts, £320 million Chesterfield Waterside, £88 million Markham Vale and Northern Gateway developments.
Located on the edge of the Peak District and within 30 minutes of Sheffield, Nottingham and Derby, Chesterfield has long flown under the radar of investors. The town has excellent transport links and has a wealth of commercial, industrial and office properties available at competitive prices.
To highlight the investment potential of the town, the inward investment campaign Destination Chesterfield was launched in 2011 to raise awareness of the benefits of living, working and investing in it.
To support the ‘modern awakening’ of Chesterfield, Chesterfield College is expanding its provision and the University of Derby is opening a campus in the town. Hundreds of new homes are also being delivered the town’s gateways are being enhance, the most recent of which included the unveiling of the stunning ‘Growth’ sculpture on Horns Bridge Island.
Peter Swallow added: “We want Chesterfield to be a place people stop and stay in, rather than travel through to the Peak District and Destination Chesterfield is an important part of that. We forged ahead with our marketing plans through the recession and we are now reaping the rewards of that as investors are now looking at the town.”Back