A planning application to redevelop the St Marks Shopping Centre area in Lincoln into a new £150 million retail, leisure and living complex will go before city planners next week.
The major proposals, which would see all units to the west of Debenhams flattened and replaced with new retail units, a multi-storey car park, hotel and flats, will be considered at a meeting on Wednesday, June 21.
As reported previously, the plan have been put forward by landowner Standard Life Investments. The company says the development would create up to 2,000 new jobs and improve links to Lincoln High Street and the University of Lincoln.
Key elements of the plans include:
- Up to 485,000 sq ft of new retail and leisure
- Up to 150 new residential units
- Up to 1,100 new student flats
- A hotel of up to 130 rooms
- A car park of up to 1,100 spaces
Options discussed also include the possibility of a new cinema and waterfront restaurants.
The application includes the west side of the retail park, where Toys ‘R’ Us and Homebase are currently located, as well as the partial reconfiguration of the east side of St Marks, west of Debenhams.
If planning permission is granted and other key milestones are achieved, work could begin in 2020 with the entire project potentially being completed by the end of 2023 or early 2024.
David Stewart of Standard Life Investments said previously: “We’re confident that our proposals have the potential to significantly enhance this important gateway to the city centre by attracting new retailers, creating new investment and housing, and generating between 1,400 and 2,000 new jobs in Lincoln.
“We’re very encouraged by the positive reaction we’ve received to date from local people.”
Officers have recommended that the council’s planning committee grants planning permission for the development.