New shops, restaurants and houses could be on their way to Rugby if plans to regenerate an area of the town are approved.
A planning application has been submitted to build shops, restaurants, houses, apartments and business units on the Alba Distribution Centre site, off Mill Road, near to the Virgin multi-storey car park.
If the application from Budenny Ltd is approved, the exisiting buildings and warehouses on the site would be demolished to make room for five retail units covered by a mezzanine, 132 residential properties, two restaurants/cafes, a 113-space car park, and business units.
The shopping park would be accessed from the current Mill Road/Virgin multi-storey car park road and a new fourth arm would be added to the Mill Road/Technology Drive junction.
But Brownsover and Newbold ward councillor, Claire Edwards, said the plans need to be carefully considered as Mill Road is becoming a ‘traffic hotspot’.
“I know that there have been discussions about developing the site for many years now and it is good to finally see some plans,” Cllr Edwards said.
“I do however have real concerns about access via Mill Road and it will need to be very creative to resolve those access problems on what is rapidly developing into being a real traffic hotspot.
“I will take some convincing and would urge planners and highways to look at that aspect very, very carefully.”
It is estimated that the development could turnover £9.3 million by 2020, if it is given the green light.
Those behind the plans hope to draw in shoppers from outside the town, including from Banbury, Coventry and Leicester.
Elliott’s Field retail park, off Leicester Road, is open for business after undergoing a £35 million redevelopment. See page 12 and 13 for details. Technology Retail Park, off Technology Drive near Leicester Road, also recently opened to shoppers.