The proposed McCarthy Stone development and the 150-bedroom hotel in The Cornhill Quarter both form the latest phase of development within the wider Masterplan area.
The indicative Masterplan shows how the surrounding area is being developed in phases, with the overall aim of significantly improving the retail/leisure offer of the City Centre.
Other developments that have already taken place in the area include:
A McCarthy Stone development and a new hotel in The Cornhill Quarter will have a long-term positive impact on the local economy.
Surrounding businesses in The Cornhill Quarter, including restaurants, bars and shops, will benefit from the purchasing power of McCarthy Stone homeowners and the influx of tourists being accommodated within the area.