Waterside progressing well in 2021
The town’s £340 million Chesterfield Waterside scheme continues apace following the submission of an additional Reserved Matters application for the remaining elements of Basin Square, to the new ‘One Waterside Place’ office accommodation.
Recognised as being one of the UK’s largest regeneration projects, Chesterfield Waterside is being led by Chesterfield-based Bolsterstone Group Plc working in conjunction with Arnold Laver Group and Chesterfield Borough Council.
Since 2019 the scheme has made significant progress with construction beginning on 173 two, three and four-bedroom homes at Waterside Quarter in 2020 followed by the start of construction on the seven-storey office block – One Waterside Place at Basin Square, in 2020.
Avant Homes' £36 million development forms part of The Park character area of Chesterfield Waterside and is the company's largest site in the Chesterfield area to date.
The showhomes opened in August last year and in only six months nearly 20% of the 173 homes at Waterside Quarter have been sold with some already occupied.
Avant Homes Central head of sales, Dawn Bennett, said: “We’ve received a great response from buyers at our Waterside Quarter development and interest in our homes has remained consistently strong since its launch in 2020.
“In September, we unveiled three of our design-led two, three and four-bedroom showhomes, which were shortly followed by our first residents moving into their homes.
“Work on-site is still progressing well and with more than 30 homes now sold, we’re hugely excited to continue to see great success at Waterside Quarter.
“The showhomes comprise of The Beckbridge, The Northbridge and The Westbridge house types, all of which have elevations that are entirely bespoke to this development. These properties have given interested buyers a chance to see the Avant Homes specification first-hand by personal appointment and, as a result, we’ve seen a surge in interest for our homes.”
Last year, the Basin Square character area at Chesterfield Waterside also made significant progress. The first phase will see the delivery of Grade A office space, known as One Waterside Place, to meet the requirements of local occupiers. Tenants have already been secured for part of the building, and further tenants are being sought by property agents Knight Frank and FHP. In September 2020 Chesterfield Borough Council secured a forward funding agreement with Chesterfield Waterside Ltd, to bring forward construction of Waterside Place in the Basin Square neighbourhood of the development.
Harry Orwin-Allen from the Sheffield office of Knight Frank, said: "Chesterfield Waterside is an exciting, high quality, mixed-use scheme which will revitalise the eastern side of Chesterfield on an unprecedented scale for the town.
"This development comes at a time when Chesterfield is becoming a popular base for SMEs with its good town centre facilities and links to the motorway network.”
The office block is part of a wider business and residential offering in phase one of Basin which comprises offices, a hotel, multi-storey car park and build-to-rent apartments, which will be centred around the new canal basin and pedestrianized public realm which will be home to the renowned Dame Barbara Hepworth sculpture.
Britcon (UK) Ltd, a leading Civil Engineering, Building and Steel Frame Solutions company began construction of the office block in October. As part of the contract with Chesterfield Borough Council, Britcon will utilise local labour and local contractors across the whole build process as well as working closely with Chesterfield College.
Councillor Tricia Gilby, leader of Chesterfield Borough Council, said: "Work is progressing well on site and we hope that One Waterside Place will be complete and ready for businesses to move into from September 2021. The development, which is being led by local company Bolsterstone PLC, has already created around £1.7 million of orders for local contractors. The project is also helping young people develop skills – an innovative partnership with the college is allowing students to track the process and learn more about the construction industry. When Covid-19 restrictions allow, there are further plans for site visits for local schools, and on-site work experience opportunities.
“Waterside is just one of several major developments in Chesterfield that will help ensure the town has a strong economic recovery following the pandemic. Together with our HS2 Station Masterplan it will see that area of the town completely transformed, making it more attractive for visitors and businesses, which will help further strengthen the local economy and ensure there are great opportunities available to everyone in our community."
Peter Swallow, Managing Director of Bolsterstone Group PLC which is leading the Chesterfield Waterside scheme, said: “We are delighted with the progress Chesterfield Waterside is making with both the residential and commercial offering. The strong interest from both residents and businesses is testament to both the progressive design and quality of the buildings at Waterside.
“The submission of the Reserved Matters application ensures that the progress we are making continues at pace despite the challenges posed by the pandemic.”
To find out more about the office space available at One Waterside Place, please contact Harry Orwin-Allen at Knight Frank on 0114 272 9750 or Tim Richardson at FHP Property Consultants 01332 343 222.