The deal could pave the way for one of the south coast’s biggest mixed-use regeneration schemes on a large former car park site once home to the now-demolished Tricorn shopping centre in the heart of the city.
The 13.25-hectare brownfield site has the potential to deliver up to 2,300 homes alongside new commercial space, leisure facilities and more than 240,000 sq ft of public realm, including a major urban park.
City Centre North development site
ECF, the regeneration partnership between Homes England’s National Housing Bank, L&G and Muse, will now test development options, ahead of entering into a full development agreement.
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As well as new homes across a mix of tenures, the plans include workspace, leisure uses and improved pedestrian connections designed to boost footfall and support local businesses.
Development potential for site
ECF chairman Sir Michael Lyons said: “We’re looking forward to working with Portsmouth City Council over the coming months to explore the site in detail, test what’s deliverable here, and build the case for how we might take this forward together.”
ECF’s current regeneration portfolio includes schemes at Canning Town, Stockport, Bradford, Wolverhampton, Northampton and Stevenage.
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