Developers North Point Global says that it expects to complete phase one by the middle of 2017. Contractor for the first phase is PHD1 Construction.
The New Chinatown project will deliver 850 new homes, businesses, leisure facilities, a hotel and a Chinese retail core. It is funded by Chinese investors and the UKTI’s Regeneration Investment Organisation.
Lead architect for the scheme, Antonio Garcia from BLOK Architecture, said: “From the beginning we have had a vision for an essentially Chinese development that will breathe new life and vibrancy into an historic but recently declining area. The Chinese theme has informed our design philosophy, the mix of uses and in particular the new retail and commercial core that will become a major new destination within the city.”
North Point Global chair Peter McInnes said: “This is potentially one of the most exciting and original developments being delivered in the UK today. It has caught the imagination of everyone from local politicians, investors, the UK government and the community. New Chinatown will be creating a city within a city, and we see enormous potential for additional phases and creating a destination of international scale and appeal.”