Harworth’s brand new retail development at its flagship site at Waverley in South Yorkshire has reached practical completion with just over 80 per cent of units under offer or let.
The urban shopping and leisure development on Highfield Spring, part of Harworth’s complete redevelopment of the former mining site, totals 11 retail units and a medical centre and will serve the current community of more than 2,500 residents and around 1,700 homes, expected to rise to 8,000 people and more than 3,000 homes by 2029.
Three units of 1,420 sq ft remain to let, with advanced interest in one, attracted by the chance to secure new retail space in the centre of one of Sheffield’s newest urban areas, with the Advanced Manufacturing Park (AMP) and its 2,000 employees also close by, as well as 100 other businesses.
Expected to open in early summer after fit out, the retail parade has already drawn in a mix of national and local independent retail and food and beverage occupiers, including Tesco.
Kitty Hendrick, from the Sheffield office of Knight Frank, which is marketing the site, said: “Olive Lane is a really positive story, not only for the Waverley community but for the region.
“We are now just over 80 per cent under offer / let and the units have only just reached Practical Completion, which proves that there is strong demand for retail units in the region, and limited availability.
“We have secured a mix of national and local independent retail and F&B occupiers, including Tesco, and look forward to seeing the scheme up and running once tenants have fitted out.
“There will be something for everyone at Olive Lane and we envisage the scheme to be very popular with high footfall once open.”
Michael Jameson, Senior Asset Manager at Harworth, said: “Harworth is delighted to bring Olive Lane to life, a development which will become the new mixed use heart of the Waverley Community.
“Creating places where people want to live and work is at the heart of what Harworth do and we’re confident that Waverley and Olive Lane delivers on that aim. We hope local residents and workers will enjoy all the amenities the high street has to offer, and are sure the scheme will be a huge success and really bring the community together.”
