The end of the supermarket "Space Race" has had knock-on effects for developers around the country who have assembled large sites to tempt the grocers.
So in Coventry, Worcestershire-based Barberry Developments, have announced revised plans for a £50 million mixed-use scheme, to replace the planned supermarket-led development of their Bishop Gate site of the former Royal Mail sorting office, in the centre of Coventry.
The proposed new development will now comprise 50,000 sq ft of retail on the ground floor – which can be split into three units – and around 185 car park spaces.
The upper floors of the building will be converted into office space – with 50,000 sq ft on one floor and the flexibility to double that space on a second floor.
There will be another 140-space car park for the office tenants.
Barberry director Henry Bellfield said: “The supermarket sector has temporarily pulled away from taking on large spaces, but this is no reflection on the development or Coventry – this is something which is happening across the country.
“We decided that we needed to do something and with our property agents/advisors have revisited the scheme.”
Mr Bellfield added: “This revised scheme has the capability to generate and create a lot more jobs and the potential to add more value to the city centre. We are talking to national retailers with the view to becoming tenants and we are confident that this will complement the existing retail offering in the city centre.
“Ideally, we would like to start work on the development next year but first we need to finalise some of the proposals so that we can sit down with potential occupiers and gain their commitment to the scheme. Bishop Gate will still go ahead and our proposals form part of Coventry’s exciting regeneration masterplan.