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Planning permission has been approved, subject to a Section 106 agreement, for a Market Street regeneration scheme in Bracknell.
The 169-home plans were submitted by The Bracknell Forest Cambium Partnership.
Market Street is the second site to be developed by the Bracknell Forest Cambium Partnership joint-venture between Countryside, the UK’s leading mixed-tenure developer, and Bracknell Forest Council. This partnership is continuing the council’s regeneration aspirations to provide a fully revitalised town centre, which has already seen large parts of the town centre fully redeveloped, including the opening of The Lexicon in 2017.
Located on the site of the former bus depot on Market Street, the new development will bring high quality, mixed-tenure, sustainable new homes to the centre of Bracknell, complementing the retail offering within the nearby The Lexicon. The development will provide 169 homes, with 25% affordable, 848 sq m of commercial space and significant improvements to public realm, including new landscaping, trees and new and improved pedestrian and cycle routes. Subject to the S106 agreement, construction works are expected in begin this summer.
The JV is committed in achieving net zero carbon emissions by 2030.The Market Street development is significant step on the path to net zero and will deliver sustainability features including solar panels, EV charging points, AAA-rated appliances in all homes, low-carbon energy usage, 297 secure cycle spaces and provision for a new cycle route along Market Street. The Market Street development will also provide on-site car parking spaces, including spaces for two car club vehicles, in addition to off-site provision including for commercial uses that will help drive the sustainability of town centre car parks.
Daniel King, Managing Director, West London and Thames Valley, Countryside, said: "Our Market Street regeneration will bring high-quality, tenure blind, new homes to the centre of Bracknell, rejuvenating a derelict location into a vibrant, mixed-use development that supports the 18-hour economy of the town centre. We are looking forward to progressing the second of our regeneration sites with the Council, helping to deliver a revitalised and flourishing Bracknell town centre."
