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Priory Place Will Be A Hit, Promise Developers

The brains behind the new commercial development at the heart of Coventry’s Phoenix Initiative insists the area will be more successful than the failed restaurant quarter.

The New Look Priory Place

John Moss of Complex Development Projects said the café and restaurant units in Priory Place will be built to a specification that will attract tenants.

He said the council-owned restaurant quarter in Bull Yard had attracted interest from would-be tenants, but the units on offer were the wrong size or did not offer enough ancillary space, such as kitchen space, cellars or storage.

Speaking on the day that CDP submitted planning permission for the £14 million development, Mr Moss said there had already been firm offers for two of the eight units.

There will be three large two-storey units, two smaller restaurants and three coffee shops.

Priory Place will link the quieter archaeological area of Lady Godiva’s cathedral with the new square being built on the site of the Hippodrome.

It will include 85 flats above the cafes, with a range of value from £55,000 to £135,000.

Mr Moss said:

“The biggest penthouse will be 130 square metres, which is the size of a four bedroom detached house. There will also be an underground car park for most of the units.”

“A lot of people have said they’ve looked at Bull Yard and they cannot get what they want.

“They don’t perceive the location to be right or the unit to be right.”

There are also plans for a bar called the Ribbon Factory in New Buildings, which CDP has an option to buy.

If planning permission is given work could start in January 2001, and might be finished by Christmas that year.

Mr Moss said the apartments would be available by spring 2002.

Phoenix Initiative Project Director Chris Beck said:

“This is another piece of the jigsaw fitting into place for the Phoenix Initiative.

”We chose CDP as our partners because of their commitment to sustainable development and top quality design using high-quality materials.

“It’s great to see the old silk ribbon factory given a new lease of life and to see good residential accommodation in the heart of the city centre."

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