Yorkshire based property developer Priority Space Limited has exchanged contracts to develop 20,811 square feet of commercial accommodation as part of the Allerton Bywater Millennium Village regeneration scheme near a former Leeds coal-mining community.
Priority Space has been appointed by community regeneration specialist Keepmoat Homes and the Homes and Communities Agency to develop the commercial element as part of the development on Park Lane which will include 190 new homes being developed by Keepmoat Homes. Planning permission was granted in November 2014.
Sarah Ratcliffe a solicitor at Yorkshire Law Firm Gordons, advised Priority Space in relation to their contracts with the Homes and Communities Agency and Keepmoat Homes.
Priority Space will develop the commercial part of the site in two phases. The first phase will see the development of the village centre comprising a retail and business quarter. The second phase is currently available for a variety of uses.
Adam Richardson and Lee Buchanan, directors at Priority Space, said the development will attract investment from retailers and businesses and generate a significant number of jobs in the area.
Mr Richardson said: “Priority Space is proud to be a part of this project which will re-energise Allerton Bywater and the surrounding areas. Whilst the commercial element is one part of the scheme, it will play a pivotal role in driving the local economy, encouraging people to live, work and spend their leisure time there.
“Priority Space has been very impressed with the service provided by Gordons in helping to secure a key development with high profile partners. Priority Space will definitely be utilising the professional advice provided by Gordons for future development opportunities.”
The Homes and Communities Agency, the national housing and regeneration agency for England, has worked in partnership with property developers to improve the Allerton Bywater community by bringing new homes, facilities and services to the area following the closure of the village’s coalmine in 1992.
Ms Ratcliffe said: “This is a major regeneration scheme which will have significant benefits for the Allerton Bywater community for many years to come. Priority Space is a new client for us and we are delighted to have been chosen by them to help in bringing this exciting project together.”