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PRIVACY
Economic Development

Plan to 'reinvigorate' Plymouth waterfront with £118m development

AIM-listed Sutton Harbour Group wants to create multiple blocks of flats on plot next to city's waterfront

Plymouth waterfront's development plans explained

Plans are being worked on which would see £118million spent on building multiple apartment blocks on land next to Plymouth’s waterfront.

The company that owns Sutton Harbour wants to construct six blocks of flats at a cost of £50millon on industrial land next to where it also aims to construct what would be one of Plymouth’s tallest skyscrapers.

Waterfront has unveiled a scheme to create a “new neighbourhood” on land to the east of the harbour, and link it to the waterfront via a footbridge.

AIM-listed SHG is preparing detailed proposals to comprehensively redevelop the sites in sequence and deliver a residential-driven mixed-use development.

Sutton Harbour's proposed development, right to left: Sugar Quay, Sutton Road East, St John's Bridge(Image: AWW)

A new “residential quarter” with a combined construction value of more than £50million would be created on land between Sutton Road and St John’s Bridge, connected by a walkway leading directly to the waterfront and the company’s previously approved £60million Sugar Quay tower of waterside apartments, shops and restaurants.

The land is currently used by industrial and commercial businesses, with warehouse buildings and open storage yards, which SHG is in discussions about buying.

The plans, if approved, would see the plot turned into a residential accommodation in two complexes, each of three blocks of flats, around a large public square.

There will also be shops and car parking, and it is intended the scheme would feature affordable housing and social housing at St John’s Bridge, alongside open market apartments.