9-17 Collingwood St Newcastle – Wikimedia Commons

Leisure plans for transformation of former bank in central Newcastle

More than 100 jobs could be created through the construction phase at the old Allied Irish Bank building in Newcastle

A former bank headquarters in the North East is poised to be transformed into a new leisure and housing scheme, developers have revealed.

The former Allied Irish Bank building on Newcastle’s Collingwood Street is set to become a multi-million pound mixed residential and hospitality development, through plans submitted for approval.

The move will see developers Portland Real Estate Group transform the site into a ground and mezzanine floor bar and restaurant complex for 100 diners.

Twelve serviced apartments will also be built above on the first and third floors, providing accommodation to meet demand for city centre living space.

An onsite concierge, a gym and cycle storage are also planned as part of the project, which will see the existing frontage and most of the infrastructure retained. The overall space is also boosted by the addition of a third-floor extension.

The plans will hopefully take forward the prominent site, which has been earmarked for development for some time…

… visit Business Live  to read full story

Main image: 9-17 Collingwood Street, Newcastle (photo: Wikimedia Commons)

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