Metrocentre owner signs up for 4,500-home Tyne riverside revival | Construction Enquirer News
About this article
Landmark public-private pact for carbon-neutral south bank district
The Metro Riverside project will transform under-used land around the shopping centre into a mixed-use, carbon-neutral district designed as a “city within a city”, with Metrocentre repositioned at its core. Plans centre on compact, walkable neighbourhoods supported by upgraded transport links and a broadened offer spanning retail, leisure, workspace and community uses. The scheme will sit around a re-imagined Metrocentre, evolving the site beyond its traditional retail role. Backers say the development could more than double the estate’s economic contribution to over £2bn a year by 2045, marking one of the largest regeneration projects outside the M25 and a major vote of confidence in the North East. Proposals also include new green corridors and stronger pedestrian and cycle connections to the River Tyne and surrounding communities.