Groundworks for infrastructure are now underway with new homes to be built next year
Work started yesterday (Tuesday) on new homes and businesses at the Anchorwood Bank site in Barnstaple.
North Devon Homes announced initial work had begun on the 172 home site, with infrastructure for the development being installed first.
Work on the new housing itself will begin in June. It will feature 135 open market homes and 37 affordable homes.
Development partner Wessex Investors will build six retail units with Next, DFS, Chiquito plus Frankie and Benny’s already agreeing and confirming terms for occupation.
North Devon Homes said Anchorwood Bank was the largest single regeneration project ever undertaken in Barnstaple.
In a statement it said: “North Devon Homes has been a key driving force in the move to redevelop the former Leaderflush and Shapland site with the company successfully acquiring the site for redevelopment in August 2015.
“This is a major investment for the company and an example of us taking a more innovative approach to tackle the significant housing issues in North Devon.
“We will be working with our partners Wessex Investors and Pearce Construction to deliver this landmark regeneration project, which will have a long lasting, positive impact on the area, creating a significant number of jobs and opportunities for local people.”
The company said any profits from new homes would be re-invested into providing more affordable homes in the area for local people.