Stockport agrees Ritz Cinema site sale
The council’s cabinet will meet next week to sign off the disposal of the Fletcher Street plot to Progressive Living, paving the way for around 300 homes.
The Manchester-based developer, which owns the adjacent Victoria House, is understood to have been selected by Stockport Council as the preferred bidder for the site of the former Ritz Cinema.
Progressive is also delivering residential schemes in Chester, in partnership with Clarion Housing, and in the Greengate area of Salford.
Stockport Council’s cabinet is due to sign off the Ritz deal next week. Progressive and the council were contacted for comment.
Spanning slightly more than half an acre and currently used as an 87-space council car park, the site has been earmarked for redevelopment for several years.
CBRE was appointed to market the site in 2018 and in 2020 the council approved its sale as well as that of a nearby plot that used to be occupied by Greenhale House to a developer. However, that deal did not complete.
Prior to that, the plot was the subject of proposals for a hotel as part of the original agreement that saw Stockport take ownership of the site from Elias Property. The hotel scheme did not progress.
The council’s current aspiration for the site is for a “high-quality residential development”, according to a cabinet report.
The report adds that the redevelopment of the site could contribute towards Stockport’s wider regeneration and aspiration “to become the most sustainable, liveable town centre in Greater Manchester”.
Other large-scale developments in the town centre include Capital&Centric’s Weir Mill and Stockport 8, which will see English Cities Fund deliver more than 1,000 homes west of the viaduct.