Retail Renovation Set to Stimulate Sheffield Job Growth
Sheffield City Council have appointed global consultancy company Turner and Townsend to provide support for the development of the new £480m Sheffield Retail Quarter, which is set to create around 2,500 jobs in the city.
The Sheffield Retail Quarter Development is set to span 900,000 square feet throughout the City Centre, creating improved retail links between The Moor and Fargate. Further to the dedicated retail outlets, at least a further 200,000 square feet of residential and office space is also set to be created.
The retail project, which is set to drive regeneration throughout Sheffield, is expected to be fully complete by 2021 - with 80% of the development set to be open for trading by late 2019. It is hoped the redevelopment will make the city around £291m a year in additional retail spend, creating 2,500 jobs in retail the retail industry upon completion.
It’s not just the City Centre experiencing a make-over with plans for a £35m regeneration of Pomona Street and Ecclesall Road having been submitted to the council. Over 300 construction jobs will be created during the residential project, hoped to start in the summer of 2015, with over 100 permanent positions generated through the six new retail units that will sit below student and residential accommodation.
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