A PROJECT to regenerate the centre of Bourne is on schedule with the demolition of two bungalows on the site.
The £2.1m Burghley Street project, which is being led by South Kesteven District Council, includes complete refurbishment of the mill, seven new ground floor shop spaces and 14 first and second floor apartments.
The scheme is the first of a wider regeneration scheme in the town which includes the creation of a landscaped area serviced with pipes, suitable for future development.
District council leader Linda Neal, who represents Bourne West, said: “The work to clear the site including the demolition of the existing buildings, removal of waste and the installation of a temporary road to redirect Wherry’s Lane while work is taking place is going really well.
“We expected the development to be completed on schedule next spring.”
Lincoln-based commercial property agent Hodgson Elkington has reported considerable interest in Bourne.
Hodgson Elkington was awarded the role as commercial property manager and consultant to South Kesteven District Council, which sees the company acting as agent for the Bourne core area development.
Senior partner Sam Elkington said: “We have received interest already in both the shops and residential units and are confident this scheme will assist greatly in the bringing forward of the redevelopment of the town centre.
“It will provide a very positive link to both sides of the town and will show that there are considerable prospects for the town centre.”
The scheme is a reduced version of the £27m redevelopment of the area between West Street, North Street and Burghley Street proposed in 2003.