Sheffield City Council announced the next stage of one of its key economic projects for the city.
The second stage of Sheffield City Council’s Heart of the City project is set to provide between 5,500 and 7,000 jobs once completed.
Plans for the next stage, which will create 500 construction jobs, have been put forward for approval on 21 March 2018.
Sheffield Councillor Mazher Iqbal, Cabinet Member for Business and Investment, said they hope the regeneration of the area will place Sheffield firmly in the premier league of UK cities.
He said: “The scheme has evolved to deliver not just a retail quarter but a new city centre mixed-use, vibrant quarter right in the heart of our city.
“We are seeing schemes come forward across the city and more and more people choosing to live, work and study here. These new plans will see a truly innovative city centre emerging that reflects Sheffield’s changing dynamic.”
The multi-use scheme is set to bring retail locations, offices, a four-star and a five-star hotel plus housing, restaurants and cafés to area of the city centre formerly known as Sheffield Retail Quarter.
The council said it will help link the shopping locations of The Moor, Fargate and the Devonshire Quarter.
Richard Wright, the Executive Director of Sheffield Chamber of Commerce, said: “The revised plans really do target the high-end retail offer that the city badly needs whilst further developing the city centre as a destination for visitors.”
Phase One of the project, which started in 2015, is due to be completed next year which includes offices set to be occupied by HSBC, with work on the new stage around Pinstone Street following.