The developer has revealed plans for the refurbishment of the Glenn Buildings in Crosby, part of a portfolio of 26 retail units and 1.6 acres of development land bought from Sainsbury’s in April for £2.7m.
St Modwen is to refurbish 6,100 sq ft of ground floor retail, 5,100 sq ft at first floor level and is considering adding up to 10,000 sq ft of new accommodation.
The scheme, designed by JM Architects, includes proposals to bring forward four units within the existing Glenn Buildings, along with a new larger format store as new occupiers are sought.
David Nuttall, development manager at St Modwen, said: “Following our acquisition of the assets earlier this year, we have been working to understand the buildings and have invested significantly in surveys and investigative works.
“Having secured Home Bargains within the village, this next phase of investment will safeguard the future of the Glenn Buildings, a feature on the high street for over 84 years, as well as bringing modern retail accommodation to Crosby Village Centre. This is the next step in our vision for Crosby.”
St Modwen acquired the Crosby portfolio after the supermarket group cited viability issues and shelved plans to build a new store and supporting retail.