NewRiver’s £60m Templars Square regeneration plans have been approved by Oxford City Council. The proposals will preserve the existing Templars Square shops, while bringing forward a range of significant improvements to the area. These include the addition of a hotel, new restaurant units, new housing, a dramatically improved streetscape and pedestrian route, upgraded and modernised car parking and new feature entrances.
Speaking at the Ellandi Retail Rocks conference, property director Alan Lockhart said: “We’re going to redevelop Tempars Square into a fantastic mixed-use scheme with 226 residential units, an hotel and restaurants,” adding that work would not start on site until the new space was 60 – 65 per cent pre-let. “We’re firm believers that if you can’t let it you shouldn’t build it,” he said.