Oldham Council and developer Langtree are ready to bring forward the Hollinwood Junction project that will see 760 new jobs created and the removal of a large redundant gas holder that has blighted the area for many years.
The masterplan for the regeneration of the 30-acre derelict site will incorporate retail, leisure, employment and housing uses. Neal Biddle, development director at Langtree says, “We will shortly submit our first planning application and a deal with an occupier is very near completion”.
“This is a key gateway to Oldham town centre benefitting from direct access to the M60 and is a key employment site for the Borough. Occupier interest is strong and we expect to be announcing our first deal before the end of summer.” said Mr Biddle.
When fully developed the project will provide new employment space, new community leisure and retail and up to 150 family homes. Negotiations with National Grid, who own the redundant gas holder on Albert Street, are nearing completion for its removal after years of negotiations by Oldham Council in order to create a cleared site and unlock its development potential
Cllr Jean Stretton, buy ventolin Leader of Oldham Council, said: “I’m delighted to take forward our development partnership with Langtree. Not only will it finally bring about the regeneration of the site on Albert Street and adjoining sites, it will also generate vital revenue from the New Homes Bonus, business rates and council tax that we can invest in local services and provide much-needed new family homes as well as jobs for local people. This site has long had great development potential with great transport links which could make it a regionally important employment zone at a major gateway. It’s exciting to now be getting on with the job.”
Construction expenditure alone is estimated to be £30m, with 100 direct jobs during construction and a further 20 in the local supply chain. Up to 760 gross operational jobs – including those generated through local expenditure – are forecast to be created.
A planning application for the infrastructure and the first plots will be submitted before the end of this year following consultation with local residents and businesses. If successful, work is expected to start on site early in the new year.