Taff Vale Precinct Development
Written by Gavin on 4th November 2016
Ambitious plans to redevelop the former Taff Vale precinct site in Pontypridd have been approved this week.
Following the Cabinet’s decision last year to support the major development of the town centre site with a £1.5M investment, It has now approved plans, based on expert commercial advice received, for a three-building, office-led development which will include food and drink use.
It has been agreed to progress to the next stage of the redevelopment of the site, which will include surveys and design.
Construction work is expected to start in 2017, with completion in 2019.
A report to Cabinet stated that the development will not only safeguard and maximise the opportunities from existing investment, but will also act as a catalyst for future economic opportunities presented by the site and the surrounding town centre, to be realised.
Pontypridd is a key strategic area, within the Cardiff City Region. It is a pivotal place in the heart of the region, in close proximity to the A470 and M4 and the main valleys rail network.
Linking surrounding communities to Pontypridd will be further strengthened by the South Wales Metro and Valley Lines Electrification Project which place it as a key regional centre and network hub, and build on significant recent investment such as the modernisation of Pontypridd railway station and associated platform reopening to increase capacity and improve line speed.
Rhondda Cynon Taf’s Cabinet Member for Economic Development, Tourism and Planning, Cllr Robert Bevan, said:
“As we now progress on to the next stage of the development, this is an exciting time for Pontypridd and the whole of Rhondda Cynon Taf.
“The town’s economic and physical assets give this redevelopment at the former Taff Vale precinct site the potential to bring real and sustainable economic growth for Rhondda Cynon Taf and the wider City Region.
“By taking a decision to invest £1.5m to purchase the leasehold of the site, the Council is firmly in the driving seat of this ambitious project and the unique three-building design has the potential to open up the town to the river and park and transform how the town centre interacts with this huge asset.”