Capital&Centric picked for clutch of Bolton sites
The Manchester-based developer has agreed to acquire council-owned sites around the town’s train and bus stations and draw up a masterplan for their redevelopment into homes.
The first phase of the project will see proposals worked up for 6.2 acres off Bolton’s Bradshawgate – including a car park off Breightmet Street. A planning application expected to be submitted later this year.
Capital&Centric’s Neighbourhood Bolton project aims to “re-write the rules on suburban living”, according to co-founder Tim Heatley.
“Neighbourhood Bolton will be our first such community of its kind, one that hopefully provides an antidote to what’s on today’s market,” he said.
“Good design and aspirational new-build homes don’t need to be the preserve of city centres or affluent cul-de-sacs. With the right support and partnership, places like Bolton can embrace a new wave of town centre residents desperately looking for more choice in Greater Manchester’s rental market.”
Capital&Centric hopes Neighbourhood Bolton will kickstart the wider regeneration of the whole area, which was dealt a setback in January when Bolton Council learned its bid for £43m from the second round of the government’s Levelling Up Fund had been unsuccessful.
The cash would have been spent on improving highways in the town centre and regenerating the northern part of the town centre.
“Bolton deserves sustained investment,” Heatley added.
“The latest levelling up news was obviously disappointing, but we believe in Bolton’s future. Just a week or so later, we’re here announcing our second local project to both unlock investment and bring about positive change.”
The scheme is Capital&Centric’s second foray into Bolton. The developer is currently delivering a residential-led redevelopment of Farnworth town centre.
Bolton Council leader Cllr Martyn Cox, described Capital&Centric’s planned investment as a “huge vote of confidence in Bolton town centre, and in the council’s regeneration plans”.
“Not only will Neighbourhood Bolton deliver much-needed homes on brownfield sites, but it will play a vital role in making our town centre a more vibrant place to live, work and visit. It will also complement the existing regeneration projects in the town centre and beyond.”