In recent months there has been significant investment in Stockton-On-Tees with the flagship 56 acre Northshore development helping to generate a brand new, vibrant community on the bank of the River Tees.
Muse developments worked alongside the Homes & Communities Agency and Stockton Borough Council to create a high-quality extension to Stockton Town Centre. Northshore is converting the riverside with the creation of 200 new homes and over 400,000 sq ft of commercial space.
Following the success of the residential and office developments, our North East agency team has been appointed alongside joint agents GVA on leisure and retail investment opportunities at Northshore.
Further phases of commercial development at Northshore are planned, including the delivery of a new Hampton by Hilton hotel for Stockton which is due to complete in early 2019.
Our North East agency team are appointed alongside joint agents, GVA on a retail development site at Northshore providing units ranging in size from 1,615 sq ft to 4,445 sq ft that can be reconfigured to suit individual occupier requirements dependent on levels of demand.
The units occupy an exciting, and highly visible roadside location, along a busy route into Stockton town centre that generates over 11,000 vehicle movements every day.
Located directly adjacent to the retail site is Fusion Hive Innovation Centre, at 80% currently occupied it provides flexible space for start-up businesses in the creative, scientific and digital sectors.
Mark Convery, retail agent in our North East team commented, “There is significant development in Stockton-On-Tees at the moment and Northshore units offer a fantastic opportunity for businesses looking for retail or leisure space in such an up and coming area.
“We are incredibly excited to follow the completion of this project and expect to receive significant interest in the properties as they boast a prominent roadside location, high specification finish once complete and a close proximity to so many major occupiers.”
In addition to new housing being delivered at Northshore, there a further 1,122 units in the pipeline across four sites which is set to increase the population within a 5mile radius to circa 320,000 by 2020.