Leading commercial property developer Stoford has started construction on a new £5 million leisure development that will bring major new High Street brands to Dudley.
Castlegate Drive, located at the Castlegate Business Park was granted detailed planning consent by Dudley Metropolitan Borough Council in November 2015 and will include a Greene King pub, a Kentucky Fried Chicken drive-thru restaurant and a Costa Coffee drive-thru. The brands will open near to existing restaurants including Frankie and Benny’s and Pizza Hut, and a Showcase Cinema.
The new development is being funded by Legal & General and is set to create 80 new jobs when it completes in September this year.
One plot remains on the site with space to accommodate a restaurant of up to 4,000 sq ft in size. Agents Bartlett Properties and JLL are currently marketing the plot which is available to suit occupier requirements.
Dominic Stokes, director at Stoford, said: “Dudley is in the midst of a period of major regeneration. The new scheme will support the continued development of the town, benefiting visitors, residents and those that work in the area.
“The next few years will see a considerable amount of investment in the town and the final plot on Castle Drive will prove a fantastic opportunity for a new restaurant looking to take advantage of this.”
Stoford has been involved in two other developments in Castlegate including a 63 bed Premier Inn and a two-storey office scheme at Castlegate Business Park for the Staffordshire and West Midlands Probation Trust.
Cllr Khurshid Ahmed, cabinet member for regeneration said: “Dudley council is committed to investing in our town centres and welcomes private developers who are inspired by Dudley’s continuing regeneration to bring new builds, new business and new jobs to the borough.
“Following the recent completion of the £6.7m regeneration of Dudley town centre, this development is a further demonstration of ongoing developer and investor confidence in the town.
“As a council, we are open for business and continue to welcome more tourists to Dudley’s historic town centre and Castle Hill attractions. Stoford’s development at Castle Gate links with our tourism corridor, and will not only bring jobs to the area but will further add to the visitor offer to people spending time at one of the town’s popular tourist attractions.”