£75M development scheme for Queen’s Parade will draw people back to Bangor

Tuesday 20th June 2017

Photograph credited to FaulknerBrowns Architects

Proposed new building

£75M development scheme for Queen’s Parade will draw people back to Bangor

In a much anticipated step towards the regeneration of the Queen’s Parade area of Bangor, Angelvale Consortium has today (20 June) presented its vision for the development scheme, which it believes will draw people back to Bangor and revive connectivity between the town centre and the waterfront. 

Angelvale Consortium has been selected by the Department for Communities and Ards and North Down Borough Council to become the preferred developer for Queen’s Parade, Bangor, subject to contract.  Led by Cubic3, an investment and development firm, the consortia includes various international entertainment and leisure investors/operators, as well as local organisations such as McLaughlin & Harvey, Beannchor, and Clanmil.

The £75M scheme is a mixed use proposal with a wide range of facilities to balance indoor/outdoor, daytime/evening and social/commercial activity.  It aims to attract a wide spectrum of additional visitors and spend per visit by primarily focusing on entertainment, leisure and hospitality. 

The proposals include a 4-star signature hotel with 80 beds that will overlook the waterfront and the enhanced pedestrian plaza.  This will be developed by Beannchor, the company responsible for the Merchant and Bullitt hotels in Belfast.  Linked to the hotel will be a family entertainment centre featuring adventure play, an indoor surf rider and virtual reality experiences.  There will be a three auditorium cinema, which will also act as a flexible venue and theatre during festivals and concerts. 

A ‘winter garden’ will connect the entertainment and commercial elements via a covered space that can be used to house pop up events, markets and exhibitions.  A maritime centre and seafront hospitality area adjacent to the waterfront plaza will be used for events and concerts overlooking the marina. 

The proposals also integrate social investment in health, education and affordable homes and while maintaining a strong main street retail frontage will also aim to grow high quality niche retail to attract some exclusive offerings to the Northern Ireland marketplace.  360 car park spaces will be provided in an enclosed multi-story car park to the rear of the site.  

Having viewed the proposals, Mayor of Ards and North Down, Councillor Robert Adair, said:

“This news is much anticipated by Council, residents and businesses in Bangor and the wider community.  The regeneration of Queen’s Parade is critical for the future of Bangor and will maximise the potential of the borough of Ards and North Down.  The proposals made by Angelvale Consortium meet the regeneration objectives Council has for the town; they are innovative, they are unique and they are ambitious.  We look forward to working with Angelvale Consortium, along with colleagues from the Department for Communities, to progress the proposals and meet our objective of making Bangor a world class destination that is a vibrant, attractive and cohesive place for everyone to enjoy.” 

Roger Alexander is Managing Director of Cubic3 Ltd and leading the Angelvale Consortium, he commented:  ‘We are delighted to be selected by the Department and Council to work with them over the next few years to deliver our ambitious vision for the region. We believe it will establish Bangor as a new destination centre in Northern Ireland.  Prior to the development competition, Cubic issued a prospectus to the investment market throughout the UK & Ireland.  Along with our experience of regeneration projects and the market, this process informed our master plan and investment appraisal to ensure the proposals put forward had funding and sustainable uses behind them. We are excited about the project but also realistic about the numerous challenges a scheme of this complexity presents and will be carrying out significant due diligence and negotiations over the next few months to ensure we can create momentum for the scheme to be taken forward.”

The Council and Angelvale will be working together over the next few months to prepare a Planning Application amendment and addressing commercial issues to facilitate works to commence by early 2018.

Short video available to view here.