Up to 350 construction jobs could be created to build the new restaurant, retail and cinema development of Princesshay Leisure. A further 400 jobs could be generated in the retail, restaurant and leisure sectors once the scheme completes.
John Grinnell, speaking on behalf of the Princesshay Partnership said: “These proposals can have a huge impact for Exeter, not just by creating a fantastic range of new retail and leisure amenities and attracting new visitors and businesses to the city, but also by boosting the local economy and providing hundreds of new jobs.”
The Princesshay Partnership’s plans involve transforming part of the current bus and coach station site into a cutting-edge retail and leisure destination featuring modern architecture, restaurants, shops, a cinema, an Amphitheatre and substantially enhanced public areas. These proposals form part of the wider site masterplan, which also includes the City Council’s plans for a new bus station and leisure centre.
Regenerating the site proved popular during the public consultation on the outline plans, with 96% of people who provided feedback agreeing that the site needed regenerating.
The Princesshay Partnership comprises The Crown Estate and TH Real Estate.