Recession sends Engle's Macclesfield scheme back to drawing board
Cheshire East Council and developer Wilson Bowden have scrapped their original £200 million masterplan for the redevelopment of Macclesfield Town Centre
Engle, which has recently merged with TP Bennett, will now re-work their proposal for the historic silk trading town to mare it more ‘in tune’ with the authority’s needs and the economic climate.
Retail director at Wilson Bowden Will Robinson said the recent authority shake-up – Cheshire County Council split into Cheshire East and Cheshire West in April – changed market conditions and a shift in the type of scheme envisaged for the town were reasons for the joint decision.
Wilson Bowden submitted plans for a scheme of 50 retail units, a 7,400m² Debenhams department store, 1,200 car parking spaces, 55 homes and a multi-screen cinema in November 2008 (pictured).
According to a report presented to the cabinet of Cheshire East Council on 22 December last year, the financial downturn had led to a ‘major impact on the type of scheme that Wilson Bowden [were] now proposing’.
A council spokesman said: ‘We don’t know how much the old plans will be part of the new ones and the changes will be subject to the economic environment’.
Wilson Bowden expects to submit a revised application for planning consent later this year.