Proposals welcomed for redevelopment of Co-op building
Destination Chesterfield and the East Midlands Chamber have today welcomed news that redevelopment plans for the town’s landmark Co-op building On Elder Way, will be submitted to Chesterfield Borough Council’s Planning Department.
The Co-op closed the doors of its department store in 2012 and it has been a key target for redevelopment since. A joint venture has now been agreed between Midlands Co-operative and Jomast Developments Ltd to re-use the existing four storey building and create a new leisure development for Chesterfield. The developers propose to turn the former department store into a hotel, restaurants and a gym, retaining many of the building’s original design feature.
Planning permission is expected to be submitted for consideration on 12 October.
Peter Swallow, Chair of Destination Chesterfield, the town’s inward investment campaign, said: “I’m delighted that the potential of the former Co-op building has been recognised by investors. It has a prime spot in the town and plays a key role in the town centre master plan. Chesterfield already has very low shop vacancy rates and the proposed redevelopment of the former Co-op store will further enhance the town’s offering, helping us attract further town investment as well as make us a go to destination for shoppers and tourists.”
Scott Knowles, Chief Executive of East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire), said: “It was a huge blow to Chesterfield when the Co-op closed its doors in 2012, but it’s great to see that significant progress has been made to bring the iconic building it vacated back into use to boost the town’s leisure offering.”
The news of the proposed redevelopment plans for the Co-op building follows on the back of the announcement earlier in the year that £1billion of investment is taking place in the Borough over the next 10 years, including the £400 million Peak Resorts, £320 million Chesterfield Waterside, £88 million Markham Vale and Northern Gateway developments.
Peter Swallow added: “We want Chesterfield to be a place people stop and stay in, rather than travel through to the Peak District and Destination Chesterfield is an important part of that. We forged ahead with our marketing plans through the recession and we are now reaping the rewards of that as investors are now looking at the town.”