Construction work

Description

The Councils requirement is for a leisure-led mixed use redevelopment of the town centre site. This provides an opportunity for bringing new leisure uses; preferably including a cinema and/ or other family orientated leisure facilities and restaurant chains into Burnley town centre, with some additional retail. The Council will undertake a competitive procedure with negotiation to appoint a development partner. The Council reserves the right to accept an initial tender without undertaking negotiation. Alternative delivery models will be considered, but the preferred legal structure will be as set out in the procurement documents. The Curzon Street Development site (wholly owned by Burnley Borough Council) is located within the town centre at the northern edge of the primary shopping area, between Burnley Knowledge Quarter and the Charter Walk Shopping Centre. Located on the key gateway into the Town Centre, with frontage onto Active Way and Curzon Street, the site extends to 1,5 ha and is currently used as a pay and display car park.Nearby retailers along the pedestrianised part of Curzon Street, a major thoroughfare, include Marks and Spencer, Next, Halifax and Primark (occupation scheduled for early 2018 and immediately adjacent the site). Other surrounding uses and retailers include a multi-storey car park, Aldi supermarket, The Range, and Anchor Retail Park. The nearby former open market and old Studio 123 cinema complex above the retained Market Hall along with associated ramp and bridges on Curzon Street and Bankfield are due to be demolished next year, which will significantly improve the visual aspect and townscape at this key location. The site represents a major opportunity to grow Burnley Town Centre with a scheme that will complement the ongoing regeneration of the town. The development of the Curzon Street site will supplement the existing thriving retail and service centre with a wider leisure, cultural and social experience during the day and into the evening that will underpin Burnley as an attractive place to live, work and visit. The site provides an opportunity for a major leisure led development ideally bringing a cinema and/or other family orientated leisure facilities and restaurant chains into the town centre. Alongside additional retail units, improved public realm and car parking provision, the development has the ability to further improve the overall status and attraction of Burnley town centre. The aim of this opportunity is to procure a Developer Partner with the credentials and capability to deliver a high quality, leisure-led mixed use development on the site in accordance with this Information Memorandum and Burnley's Local Plan Proposed Submission Document. The objectives of the scheme are to: — develop a major town centre mixed use scheme which makes a significant contribution to a vibrant leisure, entertainment and cultural offer in the town centre, — create a new development that brings new leisure uses; preferably including a cinema and / or other family orientated leisure facilities and high quality national food chains, into the town centre, with some additional retail, — create a high quality scheme that makes an architectural statement and is consistent with the Local Plan Proposed Submission Document, — create a scheme which, ideally, generates a long term income for the Council, — deliver a well-planned and funded development that is successful in attracting the target market, and — establish strong and effective partnership working between the developer and other project partners and town centre stakeholders to maximise the Council's strategic relationships and project relationships. Alternative delivery models will be considered, but the preferred legal structure will be as set out in the procurement documents. Following the conclusion of the procurement process, it is envisaged that the Council and the successful Bidder, as its development partner, will enter into an Agreement to Lease with development obligations and a longstop date of 12 months (subject to planning permission with an ultimate long stop date of 18 months). The Lease itself will run for a term of 250 years. Bidders will be asked to respond to the Agreement to Lease during the Initial Tender stage and their responses to it will form part of the scoring criteria. The council estimates the anticipated range of the development value of the Agreement to Lease arising from this procurement to be 12 000 000 GBP to 18 000 000 GBP.