The Worthing Gateway development is the first major town centre commercial scheme in the region for over 20 years.
Hanson Capital Management will go to the market to find a contractor later this year to meet the schedule to start construction in mid-2012.
Worthing’s landmark mixed-use development, designed by Russ Drage Architects, will include a nine-screen cinema complex, residential and retail facilities, including a new Conference and Exhibition Centre.
- A 9 screen multiplex Cinema, under offer to Vue
- 260 new homes
- 88-bedroom high quality hotel
- Restaurants and coffee shops
- 50,000 sq ft Sainsbury’s supermarket
- Conference and Exhibition Centre
- Health and fitness centre
- Office suites/business space
Below ground car park of about 400 spaces and decked car parking of 560 spaces.
Traffic and pedestrian improvements
John Desmond, Managing Director of Hanson Capital Management said: “This is great news for Worthing’s future prosperity.
“We have had very strong support from residents who want to get the project moving so that the long-term Teville Gate eyesore can be finally cleared away and a new start made on this key town centre site”
He added: “The supermarket and cinema are already under offer and discussions are progressing with occupiers for the Hotel and Conference and Exhibition Centre.
“Discussions are also taking place with national and regional restaurant groups”
Blue Sky Planning are planning consultants. HNG and Savills are joint letting agents.