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Regeneration specialist, St. Modwen, the development partner of Taunton Deane Borough Council on the £270 million Firepool scheme, has been given permission to press ahead with plans to transform the 4.5 acre Priory Road Car Park into new office and residential space.
The first phase of the Firepool development could deliver up to 600 jobs, a major economic boost for Taunton Deane at a time of economic uncertainty.
St. Modwen will work up more detailed designs to build around 113,000 sq ft of office space, with an option of an hotel, as well as up to 49 apartments as part of the first phase of development for the wider 17 acre riverside site. The building zone will be set back from the River Tone by a new river park, which is part of a public realm planning application submitted by St. Modwen earlier this year.
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Firepool, the first major phase of Project Taunton, is the largest town centre regeneration project in the South West with the potential to create up to 4,000 jobs locally. When complete, Firepool will become the new commercial heart of Taunton, comprising 500,000 sq ft of office space, over 400 homes and new leisure opportunities.
Borough Council Leader, Cllr John Williams, has been involved in the regeneration from its earliest days of the Taunton Vision, and is delighted to see the first commercial site development approved.
He said: "This is a momentous occasion - the start of the largest regeneration programme of any town centre in the South West and is a huge vote of confidence by our development partners, St. Modwen, in this strategic employment site.
"It is so well placed, next to the main line railway station, in a wonderful riverside setting and very close to the town centre. It is a much needed boost for Taunton's economy, particularly in these difficult times and I welcome it."
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