The £55m Westside leisure scheme in Wolverhampton, which includes a cinema, restaurants, a hotel and a multi-storey car park, has been approved.
Urban&Civic has received outline planning permission for the first phase of its development on 6.4 acres of land.
A multiplex cinema, 50,000 sq ft of additional leisure space, new restaurants covering 40,000 sq ft, a 100-plus bed hotel, and a multi-storey car park are lined up for phase one.
Phase two will include new city centre homes and additional retail and leisure space.
Cllr John Reynolds, cabinet member for city economy, said: “This is going to be a big year for regeneration in the city with the Westside project leading the way.
“The scheme has already attracted unprecedented demand from occupiers and being granted outline planning approval means the finer details can be agreed in terms of occupier expectations.
“Urban&Civic possess an excellent track record in delivering comparable high-quality schemes in the UK and have the financial support in place.
“There is a general enthusiasm around the Westside opportunity, and optimism concerning the groundswell of regeneration activity across the city, where £3.7bn of investment is on site or in the pipeline. The outstanding proposals put forward by Urban&Civic perfectly meet our expectations of a regenerated Wolverhampton.”
Construction on phase one of the project is expected to be complete in 2020.
It encompasses land between Penn Road Island and Salop Street, including the current School Street and Peel Street car parks and the area around Market Square.
Phase two incorporates parts of land between Salop Street and Darlington Street, including the Fold Street car park. Works on this section of the development are likely to be completed in 2022.
Philip Leech, property director for Urban&Civic, added: “We are delighted to have reached this important milestone in the delivery of Westside.
“We have had an exceptional level of interest from occupiers and look forward to starting construction this year.”
Source: Insider Media