Plans for Sheffield’s new retail quarter will be announced next month, when a public consultation is set to be launched by the city council.
The authority is now seeking a development partner to bring the new scheme to fruition, with the first phase due in 2019.
The council’s new mixed-use scheme will devote more ‘floor space’ for leisure and also embrace an increased demand for fast and casual dining.
But this week a group of business people said they had the financial backing and expertise to complete a £500 million project by 2018 – a year ahead of schedule.
Sheffield Retail Development Group has been in discussions with the council for a year, but decided to go public after getting frustrated with the lack of progress being made.
Residents are also being urged to have their say on how Sheffield’s shopping experience, and the city centre, could be transformed.
A council spokesman said: “We welcome these proposals as we drive forward plans for Sheffield’s new retail quarter.
“We can also confirm the council is now working towards the procurement process to appoint a strategic development partner and would encourage all interested parties to engage with this process.
“The means of delivering redevelopment in a city centre is complex, and it is vital the city works with the right partner. It is envisaged that the concept for a new scheme will be progressed to public consultation in the New Year.”
n Visit www.sheffieldshines.com to find out more about the Sheffield Retail Development Group’s proposal.