Final phase of Stephenson Quarter regeneration to create 2,000 jobs
A regeneration project in the heart of Newcastle city centre has progressed with a new partnership.
Newcastle City Council has partnered with private sector developer PfPigloo to regenerate 4.3 acres of brownfield land in the city’s Stephenson Quarter.
Phase one of the development saw the creation of the Crowne Plaza Hotel, Rocket Offices, the Boiler Shop venue, a multi-storey car park and a University Technology College creating 1,000 jobs.
The second phase, which is set to create 2,000 jobs will see the remainder of the site’s historic buildings brought back to life combined with new residential development, office space, leisure and public realm.
Cabinet member for employment and culture, Cllr Ged Bell, commented: “We must do everything to kickstart economic activity in the wake of COVID-19 if the city is to bounce back, so the announcement of PfPigloo as our development partner is incredibly important.
“With its historic buildings, the Stephenson Quarter is a gem of a development site. We’ve had great success with the previous developer the Clouston Group bringing forward the hotel, technical college and offices, but this new phase will accentuate the heritage of many of its listed buildings which makes the site unique.
“The jobs that will be created – many of them in the construction sector – will be extremely valuable to our economic recovery and give residents new opportunities.”
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