A property developer has unveiled plans to develop a supermarket in North Yorkshire after acquiring a 5.3 acre site in Stokesley.
Terrace Hill has earmarked the site, known as Mill Riggs, for a 1,394sqm foodstore in plans which would also include space for a 173-space car park and a petrol station, as well as access infrastructure.
A public consultation process for the development is underway with a planning application expected to be submitted before the end of 2013.
If planning permission is granted, Terrace Hill anticipates that the new supermarket will be open by Easter 2015, following a forward agreement with a foodstore operator and a 10-month construction phase.
Completion of the acquisition is conditional on obtaining planning consent for the development.
Philip Leech, chief executive of Terrace Hill, said: “Having completed the development and sale of three substantial foodstores earlier this year, totalling 189,265 sq ft, the conditional acquisition of this site in Stokesley adds to our pipeline of foodstore developments.
“The pipeline now comprises two large developments in the planning process which are at Herne Bay and Middlesbrough, totalling approximately 225,000 sq ft, and a number of others which are under contract or review.
“We see considerable further opportunities in this specialist sector where we are firmly established as one of the market’s leaders.”
Terrace Hill Group plc, which has offices in Teesside, London, Glasgow, Bristol and Manchester, is now inviting locals have their say at an exhibition at Stokesley Town Hall next Thursday, from 3pm-8pm.
Duncan McEwan, head of Retail and Leisure at Terrace Hill, said: “Our exhibition day will provide residents with the chance to contribute to the draft plans for the development, with the project team on hand to answer any questions they may have.
“Only once all feedback has been considered will the plans be finalised before being submitted to Hambleton District Council for determination.”
He added the proposals would provide greater convenience for locals and represent a significant economic boost to Stokesley and the potential for spin-off trade for other local businesses. The project would create around 140 jobs, with more during construction.