£30m scheme for Newcastle City Council given the green light
and we're very excited...
A £30m luxury leisure development scheme which has been ten years in the making has finally been given the green light by Newcastle City Council.
Councillors voted unanimously in favour of the plan, saying it was a “fantastic and well thought out” project which would be a huge asset to the city.
And the granting of permissions to The Malhotra Group PLC to create the flagship complex will not only see the creation of one of the city centre’s most ambitious developments but will also create around 500 jobs when complete.
The ambitious plan will see the refurbishment and alteration of a number of Grade II listed buildings, along with the creation of new extensions to existing buildings across a 100,000 sq feet development around Grey Street, Mosley Street and the Cloth Market.
When completed the site will be home to a luxury 120 bedroom hotel, retail outlets, a rooftop bar with an outdoor swimming pool, a nightclub, restaurants and a health club.
Interest has already been expressed from a “number of international brands” about relocating to the development when it is complete.
Plans for the development
Meenu Malhotra, Chair of the Malhotra Group PLC, said bringing the scheme to fruition was a long-held dream and would be the Malhotra family’s “legacy to the city.”
“It is ten years since we started to work on this development and it is fantastic for the Malhotra Group, the family and for the city as a whole that we can now finally get underway,” he said.
“It means we can preserve some of the city centre’s most historically important buildings that otherwise might have been lost forever and breathe new life back into them.
“This is part of our ongoing commitment to continue to invest in the North East and we believe this will be of national and international importance and will become an integral part of attracting people to Newcastle.
“We are very proud to be able to create something which will be a legacy for the city.”