The £2.14 million project which will include the complete refurbishment of Wherry’s Mill and build a new adjoining building featuring ground floor retail and commercial units and 16 first and second floor apartments started in May last year.
Councillors approved the plan to demolish a warehouse extension on the mill, along with the former Masonic Hall, a garage and two houses – all council owned, to provide these new facilities.
The scheme fits in with the surrounding area and will be the first step in a much wider regeneration scheme which will also include the creation of an area of landscaped land serviced with pipes, suitable for future development
South Kesteven District Council’s leader, Cllr Linda Neal said:
“I am pleased that work has started on the core area project. I am looking forward to seeing how the work progresses over the coming months and I can’t wait to see what it looks like when the work is finished.”
Consultation work was done on the project in June 2010 including plans for a re-development that would enhance the area whilst still being in keeping with the history of the town.
Commercial property agents Hodgson Elkington, based in Lincoln, have reported considerable interest in Bourne.
Hodgson Elkington was awarded the role as commercial property manager and consultant to South Kesteven District Council, which sees them acting as the agents for the Bourne core area development.
Senior partner of Hodgson Elkington, Sam Elkington said:
“We have received interest already in both the shops and residential units and are confident that 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 building works are expected to run until spring 2013.