Work has officially started on North Devon’s highly anticipated new housing development at Anchorwood Bank.
MP for North Devon, Peter Heaton-Jones, visited the site in Barnstaple on Friday 10th November for a ceremony to mark the start of building works for the housing area.
Anchorwood Bank is the largest single regeneration project ever undertaken in Barnstaple with an onsite investment of £60 million.
The scheme will create 172 new homes comprising 135 for open market sale and 37 affordable properties. The housing will be developed in 5 phases over the 4 year span of the build programme, initially working from the middle of the site westwards towards the new bridge and then from the middle eastwards towards the Long Bridge. New homes are estimated to be ready for occupation from early 2019.
In addition, Pears Investments will build 7 retail units with Next, DFS, Chiquito and Frankie and Benny’s already agreeing and confirming terms for occupation. The retail and restaurant units are estimated to be completed by the end of 2017 with a likely opening date of Easter 2018.
New homes at Anchorwood Bank have been designed by local architects Woodward Smith and will be built by local firm Pearce Construction. A variety of homes will be available ranging from 1 bedroom apartments to large 5 bedroom houses. The housing and site plan has been designed with a strong social aspect in mind. Piazzas and a Central Park will include lots of seating and greenery making them restful, relaxing and sociable places to spend time in.
Mr. Heaton-Jones was joined at the ceremony by Chief Executive of North Devon Homes, Martyn Gimber, Leader of North Devon Council, David Brailey, Mayor of Barnstaple, Julie Hunt, local councilors and partner representatives.
Martyn Gimber said “After nearly 5 years of planning, consultations and discussions with our partners, the local community and North Devon Council about the regeneration project, it’s really exciting to see building works for the housing area get underway at Anchorwood Bank.
When North Devon Homes decided to purchase the site we wanted the regenerated area to become a real community asset, in which local people could share the economic and social benefits that the regeneration of the site will bring. We did not want to see just a private developer build on the site and take all the profit out of the area.
All profits we make from the sale of new homes will be reinvested into the provision of affordable homes in the North Devon area for people who need them. This is a major investment for the company and an example of us taking a more innovative approach to tackle the significant housing issues in North Devon.
This is the start of what will be an exciting new housing development which, in conjunction with the shopping and restaurant area, will transform this once derelict site into a new, vibrant, waterside space for people to enjoy. We are proud to be working with local partners bringing in many new jobs and substantial investment into our community.”