With its gleaming glass front and eye-catching curve, this stylish £10.6 million office and retail development will stand on a main gateway into Wolverhampton.
Interchange 10, which will offer shops, restaurants and offices, will transform a derelict site near the city’s bus and railway station.
And work will get under way on the development within months bringing a welcome boost to the city.
Council bosses who have hailed the development as a ‘major milestone’ for the city, said Interchange 10 had already attracted strong interest from retailers and office users.
The first ground floor unit about to be pre-let to a national family pub restaurant operator.
Work is scheduled to begin in May and end in July 2015.
Once completed, the building will house new offices, shops, restaurants, cafés and takeaways in Victoria Square and Railway Drive.
Councillor Peter Bilson, Wolverhampton City Council’s cabinet member for economic regeneration and prosperity, said: “This is fantastic news and a major milestone in the redevelopment of this key site.
“We are also delighted at the level of interest already being expressed in both the leisure/retail space and the offices at this early stage of the development process.
“This demonstrates that there is confidence in the scheme and we will continue discussions with other potential occupiers.” The £8.1m building will provide 53,000 sq ft of office space over three floors, plus 12,400 sq ft of leisure and retail space on the ground floor. The first phase of the scheme was completed in 2012. It involved building the new £22.5m bus station, access improvements to the railway station, the Sainsbury’s Local shop and the refurbishment of the Queens Building.
A further £2.5m has been spent buying ‘Block 11’, which houses Sainsbury’s, and the Queens Building. The council is carrying out the work together with its development partner, Neptune Developments.
Rob Mason, Neptune Developments’ development director, said: “The granting of planning consent for Interchange 10 sends out a strong message that Wolverhampton City Council is committed to the regeneration of the City Centre which will help greatly in delivering future phases of the Interchange schemes.”
The council and Neptune Developments are now finalising proposals to redevelop the railway station, working with Centro, Network Rail, Virgin Trains and the Canal & River Trust. They also plan to refurbish the existing multi-storey car park and extend the existing Metro line.