Development agreement signed to deliver US$ 1.3 billion York Central regeneration

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Homes England and Network Rail Property have signed a development agreement with McLaren Property and Arlington Real Estate to be development partners for the York Central City Center regeneration project in the UK.

The mixed-use development aims to construct 2,500 new residences, with 20% designated as affordable housing, and introduce approximately one million square feet of office, retail, and hospitality space. Additionally, enhancements to York Railway Station and the National Railway Museum are planned. York Central will feature a new 17-acre urban park, allocating half of the site to green spaces, and include lively public squares linking the development to surrounding neighborhoods and York City Centre. Infrastructure work has commenced, with GBP 135 million (US$ 168 million) allocated for new roads, bus lanes, pedestrian pathways, cycle paths, and two bridges. McLaren Property and Arlington Real Estate are engaging with the community and stakeholders to refine plans for York Central ahead of submitting proposals later in 2024.

 

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