June 26, 2018 - 1349 views
The site of the former Market Hall in Colwyn Bay is being advertised by Conwy County Borough Council to gauge interest in the land by inviting expressions of interest from developers and occupiers.
The former Market Hall site and adjoining buildings along Princes Drive were identified several years ago as a strategic site for the Council to acquire and redevelop under the Strategic Regeneration Area (SRA) initiative.
However, the site wasn’t put to the market place in case it was needed during construction of the new Council offices - as either a temporary relocation site or a site compound.
The Council is now able to advertise the town centre site to the property market.
Situated within a mixture of office, retail and leisure uses, the site is close to both the railway station and the redeveloped Colwyn Bay Waterfront, and could provide an opportunity for hotel, office, leisure or retail use.
Cllr Sam Rowlands, Cabinet Member for Finance & Resources said: “Market Hall is an important site to be delivered over the coming years. We must engage with the open market to ensure the most sustainable opportunity is brought to the site and therefore to the town of Colwyn Bay.”
The process will involve inviting expressions of interest; informal discussions with interested parties to learn more about their proposals; and finding opportunities and issues.
Cllr Louise Emery, Cabinet Member for Regeneration, said: ‘We need to test the market looking at all avenues for this site, but it’s important to note that this isn’t a resolution to dispose of the site at this stage, merely to engage with the market to explore what opportunities exist.”
A report will then be presented to Cabinet with the feedback and a strategy for taking the site forward.
