The Coop will retain a small section of the site to develop for housing and has committed to beginning this work within 18 months.
The States pulled out of a deal to support the development of the site in April of this year, but there is widespread support among current deputies to reboot the project.
Plans for mixed used (commercial and housing) development on Leale’s Yard will remain as established in the development framework for the site. However, the overall layout and design may change from the outline planning permission already in place.
Policy & Resources Committee president Deputy Lindsay de Sausmarez said: ‘This is a great way to begin the new term, and full credit must go to the former Policy & Resources Committee, the staff at States Property Unit and our new partners, the Coop, for seizing the opportunity and agreeing a deal that works for everyone. We've long recognised Leale’s Yard as strategically important for the regeneration of the Bridge, the delivery of critical infrastructure and much-needed additional housing. The new P&R Committee is fully supportive of the decisions taken to date and is keen to prioritise its progress this political term.
‘The first priority is to improve the transport network in the area, both around and through the site, as that’s crucial for its long-term success in addressing the traffic impact. We are very keen to deliver the best mix of housing that the island needs, alongside other aspects that will support the regeneration of the Bridge, and won't waste any time in moving this forward.’
The Coop has said that it is happy with the deal which will allow it to focus back on retail.
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