The exciting new vision will see up to 3,400 houses and apartments built in the area around the Old Town Hall and towards the waterfront at Middlehaven Dock.
The area is known by many names to people from Middlesbrough - more recently it's Middlehaven, while older generations may call it St Hilda's after the now-demolished church, which was built in the decade after the bustling new town of Middlesbrough was born nearly 200 years ago.
Many others know it colloquially as 'Over the border' - a term given after a second railway line effectively split off the oldest part of Middlesbrough from the growing town centre and suburbs spreading south of it.
Capital & Centric is known for delivering imaginative town and city centre neighbourhoods on challenging brownfield sites.
To move forward, Middlesbrough Council has now agreed to spend £3.6m, allocated from the government's Towns Fund, to get designs to the stage where a construction contractor can be appointed.
Capital & Centric will now pull together more detailed plans on the mix and location of homes, which will also feature new leisure and retail attractions.
The scheme will be delivered in phases over the coming years.
It will focus on creating well-designed neighbourhoods and help to reconnect Middlehaven with the rest of the town.
And the development is hoped to address a number of long term issues faced in Middlesbrough:
- A lack of high-quality urban housing that appeals to lots of different people, particularly young professionals and families
- Transforming the look of run-down and unused land
- Stopping young people - especially skilled and professional workers - from moving away from Middlesbrough
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