Metrocentre inks 4,500-home deal with Gateshead Council
Metro Riverside will be built on 525 acres of brownfield land around the shopping centre, with estimates saying it could more than double the estate’s economic contribution to around £2bn a year by 2045.
Based on a ’20 minute destination’, which aims to have all residents’ needs located within a 20 minute walk, the carbon neutral district sits three miles from the Newcastle-Gateshead quayside.
A ‘reimagined’ Metrocentre will sit at the heart of the neighbourhood, with retail, leisure, workspaces, and leisure options, as well as the ability to supply renewable energy to residents.
Gateshead Council opened a public consultation on the potential for a mixed-use community on the land in October last year.
Supported by Mott MacDonald, Gillespies, and LDA Design, the scheme aims to ‘unlock transformational change,’ according to Metrocentre chairman Martin Healy.
He said: “Developments of this scale and ambition simply cannot be delivered in isolation.
“By working in partnership with Gateshead Council and others, we can bring together long-term investment, local leadership and shared purpose to create a new dense, urban community that delivers homes, jobs and opportunities, while ensuring Metrocentre continues to evolve as a major economic engine for the region for decades to come.”
