Social developer Capital & Centric is set to create a new neighbourhood at the Cannon Brewery in Sheffield.
The move is a part of the company’s strategy to step up activity in smaller regional cities.
Capital & Centric has acquired the 4.2-acre site that was formerly home to Stones Brewery but has lain empty since shutting its doors in 1999.
The firm is now working up ideas for the site, with everything from new homes to food and drink and live music being thrown into the mix. It is anticipated that the project could see around £200m invested in Sheffield.
Tim Heatley, co-founder of Capital & Centric, said: “It will be a game changer, kick-starting wider regeneration of the area, but it is early days and we are still working up ideas. It could easily take a few hundred homes, like our Manchester Kampus neighbourhood, but we are also looking at things like a live music space, workspaces, recording and artist studios, a mini cinema, café-bars, a microbrewery and markets.
“We are looking forward to working with Homes England and Sheffield City Council to deliver something pioneering.”
Cannon Brewery will be Capital & Centric’s second project in Sheffield, with the restoration of the Grade II listed Eyewitness Works and Ceylon Works on Milton Street in the Devonshire Quarter already on the way, creating 97 loft apartments and town houses, along with a 900 sq ft café-bar.
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