A planning application for the new mixed-use development at Greyfriars is expected to be submitted this summer, with the potential for work to start on the site early in 2018.
A progress report on the development will be discussed at a meeting on Northampton Borough Council’s Cabinet on January 11. A decision to work with Carter Endurance, operating as Greyfriars Quarter Developments Ltd, as the preferred developer of the site was taken in September 2016.
Since that time, the company has been in discussion with potential operators for the hotel and cinema, as well as talking to a housing association about the proposed rented element of the scheme. Ground investigations into the soil quality at the site have also taken place.
Modelling the effect of the development on traffic on the surrounding roads is also continuing, with results expected back in late February.
Councillor Tim Hadland, Cabinet member for Planning, Regeneration and Enterprise, said: “The Greyfriars development is an exciting scheme that will be of huge benefit to Northampton, creating some fantastic facilities and a very attractive, high-quality public space.
“I am pleased that the developers are progressing well and look forward to finalising our legal agreement with them as soon as possible.”