Plans to develop Two Stockport Exchange is expected to get the green light next week as planners at Stockport Metropolitan Borough Council are recommended to back the proposals.
Plans for Two Stockport Exchange will see a new 60,000 sq ft, six-storey office building developed next to existing office One Stockport Exchange. Outline planning approval is already in place for the scheme, with a reserved matters planning application submitted for phase three.
A report published ahead of the 15 February meeting stated that the next phase – Two Stockport Exchange – of the £145 million award-winning, mixed-use regeneration scheme will:
“continue to build on the significant regenerative benefits that have recently taken place at this prominent gateway site.
“Overall, officers consider that the proposed building will deliver a high-quality piece of architecture to the site, in keeping with the general ethos of the recently completed phase two development.
“The appearance of the current proposal is not designed to be a pure copy of the phase two development. It will be a distinctive and clearly recognisable form of development, and it will however continue to be complementary to its existing neighbours, whilst setting a benchmark for the future phases.”
Muse Developments and Stockport Council submitted the planning application for a further phase at Stockport Exchange, following the success of the first two phases.
Muse is delivering the £145 million award-winning, mixed-use regeneration scheme in partnership with Stockport Council.
The second phase was completed in December 2016, with One Stockport Exchange fully let within six months.
Phase two also delivered a 115-bed Holiday Inn Express, which frequently achieves over 90% occupancy, and new pedestrianised public space outside Stockport Railway Station.
Wes Erlam, development director at Muse, commented:
“The first two phases at Stockport Exchange have been a great commercial success, as well as completely transforming the area around the train station into a welcoming and attractive new public space.
“We’re now looking to deliver a further office building, which will bring more jobs to the area and add to the vibrancy of this new commercial quarter.”
The grade A office building is expected to create 350 jobs in the town centre.
Start on site is planned for Summer 2018, with completion of phase three anticipated in Spring 2020.
The scheme will ultimately deliver up to 375,000 sq ft of office space and 28,000 sq ft of commercial floor space.