STRATFORDIANS are being given the chance to view plans for the proposed redevelopment of Town Square.
Last November it was revealed work to transform the run down area was finally set to get under way after property development and investment company UK & European bought the lease.
When complete, the £30 million redevelopment will be home to around 30 new shops, a cinema and a selection of restaurants.
There are also plans in the pipeline to create a pedestrian link between Rother Market, High Street and Wood Street.
And the company is inviting residents and businesses along to a public exhibition on Friday (June 5) where they will be able to see and discuss the proposals.
Taking place between 11am and 8pm in Unit 20 of Town Square, the exhibition will outline UK & European’s aims – including changing the name of the development to Bell Yard.
There will also be an opportunity to fill out comment forms during and after the exhibition.
John Stacey, Asset Management Director at UK & European Investments, said: “The public exhibition is an opportunity for local people to come along and view the architect’s proposed designs for Bell Yard.
“It will also help them gain an understanding of how we envisage the development will evolve into a desirable place for people to shop, eat and enjoy their leisure time.
“It’s important for us to deliver a scheme that is welcomed by the local community and we have already started by changing the name – taking on board the comments raised during the initial consultation process.”
UK & European, acting as investment manager, now own the lease to Town Square – two thirds of which is owned by Stratford District Council and one third by Stratford Town Trust.
Speaking about the plans, district council finance spokeswoman, Coun Lynda Organ, said: “The regeneration of Stratford Town Square has stalled for a number of years so it is fantastic news that UK & European is set to begin the transformation of the area into a welcoming and attractive retail and leisure destination.
“Not only will the development offer something more for our residents and visitors but it will also generate more long term employment opportunities.”
And Stratford Town Trust chief executive Helen Munro also welcomed the news.
She said: “As one of the freeholders it is important to the Town Trust that this site is developed for the benefit of the town and its people.
“Town Square has been tired and in desperate need of rejuvenation for some time and we are delighted that this opportunity has come to fruition following 15 months of very difficult negotiations.
“The lease is now in the hands of an organisation with a genuine commitment to Stratford.”