The £12 million development, on the former council-owned surface car park at Leyton Mount, will house 64 flats and a 290 sq m (3,120 sq ft) commercial unit suitable for a café or restaurant.
Businesses, council leaders and project partners all welcomed the plan during its public consultation stages as a way of improving safety in and around the Common and rejuvenating nearby Old Christchurch Road.
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The project is being led by the Bournemouth Development Company (BDC), Bournemouth Council's delivery partner for its 20-year Town Centre Master Vision. BDC, a public-private partnership between the Council and Morgan Sindall Investments, secured planning permission in 2012.
Funding for the scheme includes a £5 million investment from the Homes and Communities Agency (HCA)’s Get Britain Building programme.
Duncan Johnston, BDC Development Director, said: "The redevelopment of the Leyton Mount car park will be a catalyst for improvement at Horseshoe Common and the streets, paths and open spaces that lead to and from it."
(CD/MH)
