Chesterfield Elder Way
Jomast Developments is one of the UK’s leading property development, investment and regeneration specialists, and is the company behind the redevelopment of the former Co-op department store on Elder Way. The development is part of the Chesterfield Borough Council-led Northern Gateway scheme.
The Chesterfield Elder Way site is the company’s first development in Derbyshire. It is a landmark mixed-use scheme, breathing life into the town’s famous 1930s, Mock-Tudor building which Jomast has restores to its former glory.
The upper two floors of the building have since been converted into a 92-bedroom hotel for Premier Inn. The hotel was handed over in 2019.
Jomast has now commenced work on the transformation of the 16,000 sq ft basement and 21,000 sq ft ground floor area into leisure, restaurant and bar space.
The ground floor units will all benefit from their own shop fronts/entrances. Additionally, Jomast will be creating a new courtyard area for outside eating/drinking.
Mark Hill, Commercial Property Director, Jomast Developments, commented: “Chesterfield is a vibrant and attractive market town with a great deal to offer. It’s clearly a success story with 95% occupancy in its town centre which is an impressive statistic.
“Chesterfield is viewed nationally as an up and coming town with ambitious plans for future investment and connectivity. Its excellent central location in the UK, combined with good transport links a regeneration strategy and supportive council prompted us to invest in the town in 2016.
“We have already invested more than £10 million in Elder Way and further investment in the town is certainly something we would consider if the right opportunity arose.”