The scheme is the first phase of the Council's 25-year masterplan for the regeneration of the town centre and waterfront area. Development plans for the six-hectare Bridge Street site encompass the construction of shops, restaurants, a gym, a cinema, a food-store, an indoor market, a cultural centre, a hotel and new council offices.
Work, which is subject to planning permission, is expected to begin on site in 2013.
The scheme includes new shops, restaurants, a gym, cinema, foodstore, indoor market, cultural centre, hotel and council offices. The first phase of the scheme will be the construction of the new market alongside the existing structure, shops and restaurants.
Paul Smith, chief executive of Muses’ parent company Morgan Sindall Group, said: "Muse's appointment as Warrington Borough Council's development partner demonstrates its ability to continue to win and deliver complex, long-term regeneration partnership projects despite a challenging environment for urban regeneration.
"This is one of the largest planned regeneration schemes in the northwest. We look forward to working alongside the council in delivering this exciting project that is set to transform Warrington's town centre."
Council leader Terry O’Neill said: “These are exciting times for Warrington. This scheme will completely transform the town centre; bringing new jobs to the local area and providing the entertainment and leisure facilities that are currently missing but needed. Warrington Borough Council wants to give the town centre a new heart and focus and we feel these plans will make it a more attractive place for residents to live and work in.”
Muse development director Darran Lawless added: “The announcement is fantastic news and a huge endorsement for Muse and its team of consultants. We have always believed that this development would be a great opportunity to work on a genuine mixed use regeneration scheme which will not only change Warrington but help its people enjoy a much wider range of facilities and services than ever before.”
Muse has a northwest base in Manchester and is no stranger to Warrington having previously worked on Gemini and is currently on the Lingley Mere business park development, in partnership with United Utilities.