A landmark agreement has been signed between Metrocentre and Gateshead Council to bring forward Metro Riverside
The Metrocentre, one of the North East’s premier shopping and leisure destinations, has agreed a landmark deal to deliver a major new development featuring thousands of new homes, billed as a “city within a city”. The agreement, signed between Metrocentre and Gateshead Council, will bring forward Metro Riverside — a new, carbon-neutral urban district on the southern bank of the River Tyne.
The sweeping regeneration scheme will transform brownfield land surrounding the Metrocentre into a thriving, mixed-use community, comprising more than 4,500 homes, while also carrying the potential to generate 5,000 jobs.
Beyond providing housing for thousands of future residents, the project could double the site’s contribution to the regional economy to more than £2bn per annum by 2045. Conceived as a 20-minute destination — with everything residents require within a 20-minute journey — Metrocentre bosses say it will deliver “compact, accessible and walkable neighbourhoods in a high-quality waterfront setting”, underpinned by strong public transport links.
Those behind the scheme say Metro Riverside has the potential to become one of the largest and most ambitious urban regeneration projects undertaken anywhere in the UK outside the M25, representing a significant vote of confidence in the North East as a location for long-term, large-scale investment. The plan also marks the most substantial development of the area since the Metrocentre first opened its doors 40 years ago.
Metro Riverside has been highlighted as a significant housing development within NECA’s Local Growth Plan and the Strategic Place Partnership established by NECA and Homes England, which aims to accelerate the delivery of new properties, reports Chronicle Live.
Martin Healy, chairman of Metrocentre, said: “Metro Riverside demonstrates the power of long-term public-private partnerships to unlock transformational change. 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.”
Mr Healy outlined ambitions for Metro Riverside to become a cornerstone of nature recovery, featuring green corridors lined with woodland connecting to the river, while encouraging pedestrian and cycling links to the city centres and the River Tyne corridor. He added that the development also presents a significant opportunity to boost sustainable urban drainage throughout the entire area, bolster flood defences and strengthen flood resilience.
The Metrocentre itself will sit at the core of the project, transitioning from its current status as a premier retail destination into a vibrant hub capable of serving the needs of its incoming residents and local workforce.
Plans for a substantial housing development on brownfield land surrounding the Metrocentre have been under consideration for more than 11 years, with the local authority initially aiming to deliver around 850 new homes as part of a scheme known as MetroGreen.
As far back as 2015, a new bridge spanning the Tyne was proposed as part of the MetroGreen plans, with suggestions that the development could be linked to Newcastle via a new Tyne crossing with a tram connection – though a cabinet report at the time made clear that no funding was available.
The fresh agreement between Metrocentre and Gateshead Council will see the two commit to co-invest in the first phase of the Metro Riverside project, to bring it to the point of a delivery plan.
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