Ion Developments has secured planning consent for the redevelopment of the Market Place site in Derby.
The plans for the site include Derby MADE – a multi-use building on the site of the former Assembly Rooms, featuring a music venue, cultural/exhibition space, a young person and family library, and dedicated flexible working and meeting areas, Derby HOTEL – a full-service, four-star hotel, and Derby WORKS, which will offer new Grade A office space.
The council will now submit an application to discharge the planning conditions attached to the demolition of the former Assembly Rooms and will formally enter into a contract with Ion Developments, which will bring forward the regeneration of the whole site.
Nadine Peatfield, leader of Derby City Council and cabinet member for regeneration, strategy and policy, said: “To say that I’m thrilled, and very relieved, that these plans have finally been approved would be an understatement. It’s impossible to overstate just how momentous this milestone is for our city, allowing us to move forwards with the transformation of the site.
“We’ve been listening closely to our residents and stakeholders. We know you want us to crack on, that is exactly what we are going to do. Getting this green light is a massive achievement for everyone involved, and I’d like to thank members of the planning control committee for their diligence and support. Together, let’s get this done and continue building a Derby to be proud of.”
Steve Parry, managing director of Ion Developments, added: “While the planning application has been progressing, our team has continued working closely with the council and project partners on the detailed preparations needed to move quickly into delivery. Subject to the necessary further approvals, that advance work will help us maintain momentum and get activity underway on site at the earliest opportunity.”
