THE regeneration of Gosport’s waterfront could finally be on the way – with a new Aldi supermarket in place by early next year.
Developers are hoping the plans for the Mumby Road site will start a long-awaited boom in the area.
The Mayfield Buildings are set to be demolished this summer to make way for a new Aldi store, along with a commercial shop.
Glynne Benge, of landowner Beaulieu Properties LLP, said: ‘After months of negotiation with the planners... we can now truly start to kick-start the town’s regeneration.
‘This is a positive day for the town, borough and those living in the area seeking a boost to the economy.’
As reported, the original outline plans, which were approved in May last year, included a 75-bed hotel, 150 homes and space for shops, restaurant and bar.
This was scaled down to the supermarket and one commercial unit. The firm hopes to build a 48-home residential block on the site and that will be subject to another planning application.
It has not been decided if the homes will be for elderly people or put on general sale.
Although not part of the current plan, the homes could have a 10-storey tower.
The whole scheme will cost between £12m and £15m.
The hotel was dropped from the plans as a Premier Inn was built at Gosport Leisure Park, off Forest Way.
A hotel may still be built at another site at the waterfront.
The plans will lead to 40 jobs being created in the area.
Leader of Gosport Borough Council Mark Hook said he was pleased the number of homes in the plan had been scaled back.
He said: ‘I am delighted that Aldi is coming to Gosport.
‘It shows that these big international companies are confident in Gosport.
‘It will also create much- needed jobs in the High Street area. The commercial pod will also create jobs.’
He added construction work will lead to further employment in the area.
As reported, the council wants to redevelop the waterfront but plans have been delayed.
Phillip Warner, Aldi property director said: ‘We are delighted to be part of the redevelopment of Gosport waterfront and we are looking forward to opening our doors to the town in the near future.
‘Gosport has featured on our new store requirements list for many years and we are confident that our discount format will offer a genuine alternative.’