This is a partnership project between Restormel Borough Council, David McLean Developments and the South West of England Regional Development Agency. The project involves demolition of the dilapidated 1960s Aylmer Square and surrounding buildings to create an exciting mixed use development.
Demolition work is nearing completion and the developer, David McLean Developments, has officially handed the site over to its main contractor Sir Robert McAlpine so that excavations can get underway for the new underground car park.
David McLean Developments have named the scheme White River Place and recently announced that it is already 50% let.
The largest store to be let so far will be occupied by leading home and garden retailer Wilkinsons. Also confirmed are Starbucks coffee house, fashion retailers New Look and Peacocks, and high street bank HBOS. The 550-space underground car park will be operated by Apcoa.
The mixed-use scheme will also include a four-screen, 615-seat cinema that will be completed by autumn 2008, as well as 69 apartments.
Once completed the project is expected to bring between 500 and 700 jobs to the town and employ up to 200 people during the construction phase.
Further details of the town's regeneration plans can be viewed at www.staustelltown.co.uk.