The redevelopment of the iconic Derry’s Department Store in Plymouth, which includes the creation of a 100-bed hotel, has been given the green light after the local city council approved the £50m project.
The 300,000 sq ft former retail space will now be transformed to include a 100-bed hotel, which will help meet the needs of the growing tourism market in the region, plus 500 student accommodation beds, and 60,000 sq ft of commercial space suitable for food and beverage outlets.
The project is due to officially start in early 2017 and is scheduled to be completed in August 2018.
Colin Morris at Thames Bank Property, said: “The redevelopment of the former department store presents a significant opportunity to develop a high-quality scheme that will not only ensure long-term sustainable use, but will also provide a welcome and enhanced night-time economy to the western end of the city centre. This is an exciting time for Plymouth and we look forward to delivering this project over the coming years.”
Ian Mayhead, associate at Iceni Projects, added: “Iceni has demonstrated successful multi-discipline working by helping secure planning permission for the redevelopment of the former Derry’s Department Store. Our planning and engagement consultants have worked alongside each other to great advantage, and we are thrilled to have aided in the approval of a scheme which will transform this underutilised, landmark building.”
The project is due to start on site in early 2017 and is estimated to complete in August 2018.