The £250m Quayside West development in Newcastle , which could bring almost 1,000 jobs to the city, has received the go-ahead from council planners.
The project will transform a 15-acre former industrial site into 1,100 new homes, a 135-hotel, restaurants, shops and commercial space.
Broadoak have been working with Newby and joint venture partner Reditum Capital to bring forward the commercial elements of the scheme.
The brownfield Calders site on Skinnerburn Road, which is a major gateway site in Newcastle, has lain vacant for 20 years.
The granting of the hybrid planning permission will allow the remediation works, site levelling and infrastructure works to progress, including a new access road opening up the site.
Broadoak’s Fergus Trim said “It is great news that this important milestone has now been reached. Quayside west is a fantastic site, so close to Central Station. It is a huge site that can deliver a range of uses.”