Elysian Residences took ownership of the 1.3 acre patch of land at the top of Mount Pleasant last year, after previous developers Altitude pulled out of building a mixed use retail and residential complex.
The site has been left derelict since 2001.
Last week [Wednesday September 11], Elysian Residences had their plans to turn the site into a mix of 108 retirement apartments, retail units, a restaurant and boutique cinema, approved by the Council’s planning committee.
Work is expected to begin on the £80million ‘Belvedere’ at the end of the year.
Mark Curry Head of Development and Planning at Elysian Residences said: “We are delighted to have achieved full planning consent for The Belvedere and look forward to continue working closely with our local communities and new residents, both now and into the future, to bring our development forward and make this new destination a real success for the town.
“We have a lot to do now but we cannot wait to get started.
“Our bespoke homes will attract those considering a move away from family houses where many may have flown the nest, creating space for the next generation, right in the heart of our town – which will also have a positive impact on local retailers and restaurants. Local employment opportunities will also be created throughout the development and again once our vibrant scheme is launched and open.
“We look forward to welcoming new residents and their friends and family, as well as the local community to live, visit, shop and engage in cultural activities in and around The Belvedere and the wider town.”
