The Department for Enterprise (DfE) has welcomed unanimous support of the planning committee on Tevir Group‘s redevelopment of Villiers Square.
The plans include over 80,000 sq. ft of purpose-built Grade A office, retail, and leisure space, an 80-bedroom hotel and a fully landscaped public amenity space.
Tevir Group claim the development will provide a much-improved streetscape behind Villiers House and Clarendon House.
Villiers Square approved
Tim Johnston MHK, Minister for Enterprise, commented:
‘Tevir Group’s plans for Villiers Square represents a transformative development in the heart of Douglas, turning an area which is currently underutilised and derelict into a vibrant space for commercial and hotel leisure facilities. This development will not only improve the urban landscape, but also stands to contribute real economic benefit to the city of Douglas.
‘The Department for Enterprise is pleased to have provided support in principle to this development through the Island Infrastructure Scheme, a Scheme which was designed to leverage private sector funding, capability and skills in line with the Economic Strategy, to secure the regeneration of complex urban unoccupied sites.
‘Today’s announcement represents a positive step towards seeing this project come to fruition, and embodies the very ethos of the Island Plan, to build great communities and create a more secure, vibrant and sustainable future for the Isle of Man.’
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