Plans to revitalise the former Cole Brothers building in Barker's Pool have moved forward as Urban Splash has finalized a lease agreement with Sheffield City Council for the property.

The plans will see the space turn into a mixed-use entertainment, leisure and retail venue.

In the coming months, the award-winning regeneration company will begin consulting with the people of Sheffield on their plans for the building and gathering thoughts and ideas.

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The proposals would see the building become an exciting mixed-use scheme comprising flexible workspace and cafes/retail/leisure/cultural uses/event space which are all considered to be complementary uses to the rest of the Heart of the City project. Bringing this listed building back into active use will be hugely beneficial both for the wider city centre and the surrounding Heart of the City scheme.

Nathan Cornish, Group Board Director at Urban Splash, said: "We are delighted to have been chosen by Sheffield City Council to regenerate this iconic building. Almost everyone I meet from Sheffield has a story to tell and we’re thrilled to be playing a part in its next chapter. We are still in the early stages and we are looking forward to consulting with the local community and stakeholders as we start to work up our plans."