The owners of Howden’s Quay hope to build a new £1million road bypassing the railway bridges to improve traffic flow outside the development.
Last year, owners Tedcastle Holdings received outline planning permission to turn the derelict 13-hectare site at Bank Road, formerly Kelly Fuels’ yard, into a mixed-use development comprising housing, a hotel, restaurants, cafes, and business units.
However, work has not yet begun on the development, and Director of Tedcastle Holdings Raymond Reihill, whose family own the site, says that a key component of the scheme is a new road which would be funded by developers at an estimated cost of £1million.
“Our plan is to put a new road beside the railway while keeping the current road as an inner road for the development, not a public road,” he revealed.
“We went to the DRD a year ago and a lot of money was spent on the A8 and they have bigger priorities, it’s not in their budget and won’t be in it for some time. A fundamental requirement to be successful is to have the road in place. It wouldn’t bypass Glynn and would save time.”
Mr Reihill says that his company has spent 10 years working on the project, which stalled due to the property market crash.
“This is a good time for us to be revising our planning application, we’re in good time before the planning application expires in 2017,” he continued.
The company is currently in talks with developers over the site. Mr Reihill believes the project would provide employment and recreational opportunities for the Larne area.
“The benefit to Larne would be in employment, there will be small retail and commercial factory units for rent like an enterprise agency. The escarpment area could be used for bike clubs or a place to walk. There is great potential,” he added.
The company director thinks the development will be “in play” before the planning application’s 2017 expiry date.
“I don’t know if there will be cranes on site, but the decision would be made to develop it before the planning application lapses,” he confirmed.
“There will be an active plan to develop the site.”