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Proposals for new developments in Braintree, Witham and
Halstead await agreement.
The Braintree scheme involves a large site and potentially, a
single new development. Because of its size and value, the
development opportunity has been advertised as required by
legislation in the Official Journal of the European Union
(OJEU).
In Halstead, the central site area is owned by eight different
landowners, who have agreed to put the whole site onto the market
to see if there is commercial interest to develop it in line with a
development brief for the area.
In Witham the situation is different again. The Newlands
Shopping Centre is being marketed with the aim of finding a
developer who would be interested to modernise the Centre and enter
a partnership with the Council with regard to public car
parking. It is likely that a viable scheme would involve
significant remodelling of the centre and the car parking areas,
regardless of where the current property boundaries lie: hence the
partnership.
Market conditions are very difficult, and while many developers
are using this time to plan for new schemes, the economic situation
has held back the ability to reach agreement.
Proposals for Braintree are due to be published in January
2011.
Updated - 17 December 2010
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