Brighton’s Madeira Terrace is going to be transformed into a new retail and leisure facility. Boxpark revealed its plans, which involve reviving the crumbling Victorian arches, and incorporating a new premium hotel operator. The development would see the arches augmented with a new building and urban green spaces.
The plans were developed by Brighton and Hove resident and Boxpark founder, Roger Wade, alongside Project Creator Paul Nicholson from Brighton founded Chalk Architecture.
“As a Brighton and Hove resident, I’m passionate about the regeneration our of outstanding sea-front. Madeira Terrace is the embodiment of the Victorian grandeur that saw Brighton become the UK’s favourite seaside destination. Our proposal aims to redevelop this much loved area to create a year round retail and leisure destination to be enjoyed by local residents and visitors to the coast alike. We’re looking forward to the opportunity to work with Brighton & Hove City Council, local stakeholders and businesses and our development partners over the next 12 months to explore how we bring the Boxpark concept to Brighton, whilst retaining the architecture and heritage that our seafront is synonym with,” said Roger Wade.
Paul Williams, Development Investment Advisor, Morgan Williams also commented on the plans: “Boxpark’s innovative and refreshing approach to the retail and leisure sectors will be a perfect match for this potentially iconic development. The development team assembled combines local sensitivity with international expertise. I have absolute confidence that we will secure strong investor interest from a wide range of UK institutions, property companies and international investors including sovereign wealth funds, many of whom may normally be constrained to investing in London.”
Boxpark Shoreditch opened in 2011 as the world’s first pop-up mall. The concept utilised the modern street food market and placed local and global brands side by side, to create a unique shopping and dining destination. Entirely constructed out of refitted shipping containers, Boxpark showcases a unique position in being able to offer affordable and flexible leases for lifestyle brands, cafes, restaurants and galleries to trade and succeed.