Work on 173 homes near Cardinal Park in Ipswich could start later this year
- Credit: Charlotte Bond
Work to transform an eyesore site in Ipswich into 173 new riverside homes is expected to start later this year after a new developer bought the land.
Galliard Homes has purchased the site, which has planning permission for 69 two-bed homes, 79 three-bed properties and 25 four-bed houses off Grafton Way and Commercial Road.
The proposal also includes public open space, two retail or restaurant units and £500,000 contributions to highways, schools and library improvements.
The land, between the River Orwell and Cardinal Park, has mostly been used as a temporary car park, and was previously home to B&Q before it closed more than a decade ago.
Previous plans have included an ambitious scheme to build a new Tesco superstore, a hotel and flats on the site.
Spenhill - the development arm of Tesco - got planning permission in early 2011, despite major concerns about the development's possible impact on town centre shops.
But the development fell victim to the economic recession and Tesco then announced it would not be going ahead with the proposals.
Developer Plutus Estates then outlined its vision for the site - for a development of town houses and commercial units, in 2017.
Ipswich Borough Council green-lighted the Plutus application for the 3.11-hectare site in December 2020.
- 1 Revealed: The most popular Suffolk fish and chip shop
- 2 New independent baby shop opens in Ipswich
- 3 Man used drawstring from JD Sports bag to drag woman to the ground
- 4 Village suffers power cut for 7 hours after vehicle hits electricity pole
- 5 'Fresh and timeless' Greek cuisine comes to Ipswich
- 6 Road near Ipswich town centre closed after crash involving motorcyclist
- 7 Jailed in Suffolk: The criminals put behind bars this week
- 8 Goat dies and ponies injured after dog attack
- 9 Suffolk man collapsed at friend's home
- 10 Final homes in 75-house development to go on sale
The deal with Galliard was then completed in December 2021, and a planned 6% of the homes are being designated affordable.
Work is expected to start at the site later this year, Galliard confirmed.
The homes were generally welcomed when previously discussed and it is hoped they will play a major part in the wider regeneration of Ipswich town centre.
Once completed, it is estimated the development will be worth around £50million on the open market.
As well as Grafton Way, Galliard has also purchased key sites in Milton Keynes and Redbridge, London.
Simon Welch, head of land and affordable homes at Galliard Homes, told Property Investor Today: “We are delighted to have secured three key sites for residential development in Redbridge, Ipswich and Milton Keynes, each promising to bring sought-after new homes and amenities, and help with wider regeneration in their locations.”