USD 258 million plan to regenerate Torbay unveiled

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Torbay Council has come up with plans to redevelop six major sites over the next decade, transforming the town centers of the Bay and building up to 700 homes for sale and rent, extra care, and affordable homes. 

The projects in the pipeline are:

  1. The total redevelopment of Torquay’s Union Square Shopping Centre will be demolished and redeveloped to accommodate around 100 homes as well as cafes, restaurants, some retail space, and a new NHS facility. The historic Pannier Market will be retained. 
  2.  Lower Union Lane would also be redeveloped, with space to build a further 100-150 homes. The project is expected to cost around GBP 60 million (US$ 77.5 million) and will be funded by a mix of the existing GBP 11 million (US$ 14 million) of ‘Town Deal’ government funding, combined with public and private sector investment.
  3. The next key project is the Strand. Planning permission for any plans will still be needed and no demolition work will happen for any of the buildings along the Stand until autumn, 2025. 
  4. In Paignton, the demolition of the Victoria Centre is set to commence in early 2025 with part of the site already unlocked for redevelopment. The project will provide around 200 homes for local people, rejuvenate the area and attract businesses back into town. 
  5. With work to demolish the former Crossways Shopping Centre complete, work is underway to develop a revised plan for the site.

The council has created these plans in collaboration with development partners Willmott Dixon, a top independent construction and property services company, and Milligan, a real estate developer. The architectural design is led by Leonard Design, an international firm specializing in mixed-use project design.

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