Property developer and contractor Barnfield Construction has set a target of autumn 2016 to secure occupiers for its 50,000 sq ft retail-led Market Quarter development in Clitheroe, before it submits a planning application.
Barnfield has appointed Lambert Smith Hampton to market the scheme, which includes a 60-bedroom hotel, restaurant, café, seven shops, 67-space car park and revamped market with a hall, 50 units, 28 cabins and 22 stalls.
The developer was awarded the contract to redevelop the 1.4-acre market site in Clitheroe by Ribble Valley Council at the end of last year. Barnfield said it plans to submit a planning application by autumn of this year, once prospective occupiers have been found for the units.
Day Architectural has designed the redevelopment.
Construction of the new market is scheduled to complete by February 2017, and the remainder of the site complete by April 2018.
Dan Symonds, Barnfield Construction’s head of development, said: “The proposed scheme promises to provide a new retail and leisure experience for Clitheroe, not only with the creation of a new market, but we also hope to secure a number of high-quality retail and leisure operators not currently represented in the town.”
Gareth Hine, associate director in Lambert Smith Hampton’s retail consultancy, said: “On the basis that Clitheroe is the largest town in the Ribble Valley and has a thriving population and tourist industry, it could be said that some investment in the town centre is long overdue.
“Due to the local demographic and limited retail provision in the town at the moment, we expect that there will be plenty of interest from potential occupiers.”