Plans submitted for £60m Newport riverfront revival
The Fear Group has submitted plans to Newport City Council for a £60m redevelopment of 5.5-acre former Sainsbury’s site on the riverfront in Newport.
The proposals include a 601-bedroom student village, an 84-bedroom hotel, a health plaza, convenience store and 144 residential units including affordable homes which will be delivered in partnership with Newport City Homes.
Leon Fear, director, said: “We have long believed in the future of Newport as a key strategic location and look forward to delivering this important regeneration project to form the next chapter in Newport’s emergence as a regional powerhouse.”
Dr Stephen Fear, who founded the Fear Group in 1969, said the company was also actively looking at other opportunities in the city and was in negotiations to bring a green technology business to Newport.
The site was home to Sainsbury’s until they sold it in 2010 to a Fear-associated company, and moved a mile away to a bigger store.
Plans include the demolition of the vacant 57,000 sq ft store and the creation of a boardwalk in to the city centre and the new Friar’s Walk shopping centre which opens in November.