Cornwall news Closed M&S store to be turned into shops and waterfront flats UK news

MetiNews.Com - The flats will have direct water access

Cornwall news Closed M&S store to be turned into shops and waterfront flats UK news

MetiNews.Com - The flats will have direct water access

Cornwall news  Closed M&S store to be turned into shops and waterfront flats UK news
14 January 2021 - 16:45

Breaking News ! A closed Marks & Spencer store in Cornwall is set to be transformed into retail space and flats with direct water access. Acorn Blue, part of Acorn Property Group, announced today it has acquired the site of the former Marks & Spencer’s store on Market Street in Falmouth with plans to create a new mixed-use residential scheme. The housebuilder is also behind the £30m Liner building at Gyllyngvase Beach. The old M&S site occupies prime water frontage, next to Prince of Wales Quay, looking out onto the largest residential mooring area in Falmouth, with views to St Mawes. It had been vacant for over two years following the closure of the store as part of a programme of rationalisation. For over a decade the majority of the site had only been used by Marks and Spencer for storage, making it under-utilised and increasingly an inefficient use of resource, Acorn Blue explained. The regeneration of the building will see retail return to the site and provide homes for Falmouth. A spokesperson for the company said: "Many high streets are facing challenges, further exacerbated by coronavirus, and with the building needing to be stripped back to structure in order to remove asbestos, there had been little prospect of a retail business re-opening at the location in its existing form." The current proposal for the redevelopment of the ‘brownfield’ high street site sees the retail component retained and brought back into use, while converting the upper floors and waterfront areas into residential units, with the creation of direct water access for residents. The site will provide up to 16 residential units, comprising a mix of two, three and four-bedroom houses, duplexes and apartments, with outside space, boat storage, car parking and a communal courtyard garden.

. You can stay up-to-date on the top news near you with CornwallLive's FREE newsletters – find out more about our range of daily and weekly bulletins and sign up here or enter your email address at the top of the page. Andrew Strathdee, development director at Acorn Blue, said: “We are delighted to have successfully exchanged on this prime high street location and excited to be able to once more bring the site back to full use, in due course, bringing retail and people back to this central Falmouth location. “The Market Street development will retain a retail component, of a more accessible scale. The site, which extends through to the waterfront at the rear, will provide homes in an enviably central location, with direct water access. “This will be our second site here in Falmouth, following the hugely successful The Liner, which is now almost completely sold off plan, overlooking Gyllyngvase Beach,” he added. Acorn Blue will share further information about the development as the project progresses. Those interested can register for email updates with Acorn Blue by visiting their website: www.acornpropertygroup.org.

Source = MetiNews.Com - Cornwall

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Cornwall news Closed M&S store to be turned into shops and waterfront flats UK news


Cornwall news Closed M&S store to be turned into shops and waterfront flats UK news


Cornwall news Closed M&S store to be turned into shops and waterfront flats UK news


Cornwall news Closed M&S store to be turned into shops and waterfront flats UK news

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