The council acquired the town centre site in January after plans to redevelop it with Norwich-based developer Targetfollow fell through. One of the developer’s subsidiaries, Targetfollow Property Holdings, went into administration.
Developers are now being invited to apply to partner the council on a scheme which covers 4.7 hectares near the town’s train station and has consent for mixed-use including offices, parking and a hotel.
The previous scheme included over 200 apartments, a 1,500 space multi-storey car park, a 130-bed hotel, 7,800 sq.m. of offices, convenience retailing, food and drink outlets and the remodelling of the existing leisure centre.
Councillor Dave Goddard, leader of Stockport Council, said: “Since we took the decision to buy Grand Central, we have been overwhelmed with interest from developers.
“This is a once in a lifetime opportunity to secure the future of Grand Central and create an attractive and thriving gateway to Stockport town centre.”
Interested firms have been given until the 20 June to prequalify. Documents are available to download via The Chest (www.thechest.nwce.gov.uk).