Search
Close this search box.

New Leeds Redevelopment Plans Centre on the Corn Exchange

January 7, 2020

Share to: 

Article Summary

Leeds
  • The aim of the project is to transform the area into a pedestrian and public transport-friendly space.

  • The entire area from York Street to Boar Lane could be completely redeveloped, making the streets more pedestrian-friendly and by increasing public transport opportunities, Leeds residents and visitors will benefit from reduced congestion.

  • Once the Council’s plans have been consulted on and approved, the deadline for the project’s completion is March 2021.

As well being a heritage building and a centre for shopping and dining, the Leeds Corn Exchange is a gateway to the city itself. It is also set to become the centre of redevelopment plans for Leeds city centre, which will upgrade outdated buildings and transport networks to be fit for modern use.

The aim of the project is to transform the area into a pedestrian and public transport-friendly space. Leeds City Council has recently submitted their initial ideas for the project; on which, before they are finalised, they will consult with local residents.

New Redevelopment Plans to Further Improve Pedestrian Access in Leeds

Their immediate proposal is to pedestrianise Call Lane from the Corn Exchange all the way to The Calls. As well as improving pedestrian access, this would also include the creation of two new public areas. The first of these would be adjacent to the Corn Exchange and double the size of the space there. The second would create an outdoor dining plaza in the lower half of Call Lane.

In order to transform Call Lane into a go-to pedestrian destination, traffic will need to be diverted away from the area. Lower Briggate would become a two-way street with relocated parking, much larger pavements and dedicated buses.

If the Council’s plans get the go-ahead, the entire area from York Street to Boar Lane could be completely redeveloped. By making these streets more pedestrian-friendly and by increasing public transport opportunities, Leeds residents and visitors will benefit from reduced congestion and journey times. This will help create a better quality of life for all in Leeds.

A New 5-acre City Park

The redevelopment project would also help further unlock the potential of the South Bank area. Reduced to a single carriageway road with one lane in both directions would be the dual carriageway of Meadow Lane. The freed-up space would become a new 5-acre city park adjacent to Meadow Lane.

As well as for vehicles, the new Meadow Lane would be redeveloped for pedestrians and cyclists. The new design would include network of intuitive pelican and zebra crossings, and a two-way protected cycle track will loop from Great Wilson Street to Swinegate. A new bus gate would give buses priority use of Leeds Bridge, helping to reduce traffic congestion.

Once the Council’s plans have been consulted on and approved, the deadline for the project’s completion is March 2021. So residents don’t have long to wait to benefit from their city’s transformation.

What is property investment?

Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.

Find out more

If you’d like to buy a Leeds property investment or would just like to see which property investment opportunities are currently available, contact North Property Group now.

Share to: 

Explore our property in Leeds

Phoenix

From £362,450

   Gross Yield: 7%
   In Construction
   Est. Q3 2023
   Lease Length: 250 Years

Related Articles

The Highest Rental Yields In The UK

Here is a list of some of the areas with the highest rental yields in the UK, promising strong returns and rental income for the ...
Read More →

Leeds Named Best Place To Live By Sunday Times

Leeds was named as the best city to live in the North and North East regions by The Sunday Times this year.
Read More →
Yorkshire named one of the world's top destinations to visit

Yorkshire named one of the world’s top destinations to visit

Yorkshire is a standout in global travel, securing third position on Condé Nast Traveller's list of the best places to visit in 2024.
Read More →

Regeneration Projects coming to Leeds – Part 2

Leeds is attracting investors seeking rewarding investment opportunities, becoming a premier UK property investment destination.
Read More →
North of UK Investment

Why Property Investors are eyeing Manchester, Leeds, and Liverpool

Cities such as Manchester, Leeds, and Liverpool are not only cultural and historical gems but also burgeoning property investment hotspots.
Read More →
Leeds property investment

Exploring Lucrative Property Investment Hotspots in Leeds

As the vibrant city of Leeds continues to grow and evolve, it has emerged as a prime destination for property investors seeking attractive opportunities.
Read More →

Come talk to our professionals to learn more about the UK property market now!

Learn more about investing in Manchester by downloading our guide today