The various shops located at St Mark’s in Lincoln are to be demolished to make way for a new department store, more than 1000 homes, a hotel and possibly a cinema.
This £150 million redevelopment is expected to create 1400 to 2000 jobs when it pulls down units which are currently occupied by firms such as Toys R Us, Pizza Hut, Toby Carvery, Homebase, Burger King and the two-storey. The row of shops that previously included British Home Stores will remain where they are and the building will be extended up by around 60ft.
Other shops on the St Marks site include Debenhams, Boots, Mothercare and the former station building which houses Argos and Lakeland. These are outside of the redevelopment area and are expected to remain the same.
There will be five new blocks ranging in height from 68ft to 104ft will be built around the site, and a 1100 space car park is planned for the new site. Between 15 and 30 new shops and restaurants will occupy ground floor units and it is understood that more than 1000 student flats will be built along with 150 residential flats.
The development boasts around 485,000 square feet of new retail and leisure space including a department store, as well as a hotel, two main piazzas either side of the river and a children’s play area.
Standard Life Investments has owned St Marks since 2003 and say that the scheme will improve links to the High Street shops and to the University of Lincoln, through the creation of a more comprehensive and cohesive mixed-use scheme.
This project comes after a year and a half of talks and work lasting four years is expected to begin 2020. The proposed development offers the opportunity to significantly improve the look and feel of the gateway as well as injecting substantial investment into the city, including new employment opportunities.