North Street Quarter, Lewes
MAS REI, the landowner of North Street Quarter (NSQ) in Lewes, has agreed heads of terms with the developer Human Nature for the sale of the site.
Cabinet councillors at Lewes District Council will meet next week (December 10) to also consider the sale of the council's share in NSQ to Human Nature.
Human Nature hopes to complete the purchase on NSQ by February, shortly before launching a community design event in the Spring 2021.
Jonathan Smales, Co-Founder and CEO of Human Nature and a Lewes resident said: "We're determined to get on and deliver this important regeneration project for the town, including the long-awaited integrated health hub, flood defences, and much needed homes and work-spaces.
"We will be making good use of the technical information associated with the existing planning consent, but the scheme needs to be redesigned for greater viability, liveability and to be fit to meet the challenges of the climate crisis.
"We intend to move forward at speed, take the site out of limbo and build a scheme that Lewes can be really proud of."
With longstanding connections to Lewes, Human Nature has recently opened a head office in the High Street and will establish a site office in NSQ in due course. Much of the funding for the acquisition has also come from local private investors.
Councillor Zoe Nicholson, Deputy Leader of Lewes District Council, said: "I am delighted that Human Nature has agreed to purchase North Street Quarter. Their vision and commitment to delivering a more sustainable scheme on the site is great to hear. After such a long period of inaction, it feels like something might finally be happening on this important site.
"While people have held different views over the years about the best use of North Street, everyone is unified in the belief that the site represents a landmark opportunity for the town, creating much needed new homes and work spaces for people.
"I am looking forward to discussing these latest developments at Cabinet next week and deciding on the best way forward for the council, our residents and local businesses."