A new milestone has been reached on the £200m Stephenson Quarter development site, as VIP visitors from the council and hotel leaders have discovered.
Leader of Newcastle City Council Coun Nick Forbes joined leading city officers and directors of InterContinental Hotels Group (IHG) at the site as developers Clouston Group – the new name for Silverlink Property Holdings – confirmed the main contractor Miller Construction is now half way through the first phase which will include The Rocket office development, the Crowne Plaza hotel and a multi-storey car park.
Structural steelwork is due to start on the office building later in April and 60-metre cranes, coupled with rising columns and concrete floors of the hotel, reflect major progress and demonstrate that both buildings are on schedule to open July 2015.
David Clouston, chairman and managing director of Clouston Group, said: “As one of the largest regeneration projects the city has seen for several years, we are delighted to have reached this latest milestone.
“Importantly, we are also pleased to see the growing interest in the office space among business investors.”
Ian Jubb, regional managing director at Miller Construction, said: “We’re delighted with the way things are going.
“The next big milestone will be the completion of the main concrete structural frame of the hotel building.
“This will be progressively coming out of the ground over the coming months.”
The other key building that forms an important part of the first phase of this regeneration project is The Rocket, a multi-use building, providing 35,000 sq ft of Grade A offices and 357 parking spaces.