Regeneration in Hull

Albion Square

Albion Square is undergoing a £96m upgrade, making use of existing structures and building upon vacant floorspace. The project includes a mixed-use space, residential offices, and retail spaces. The regeneration project will create an estimated 386 skilled jobs in Hull. This is a part of the city centre restructure which will incorporate new workspaces. Hull offers lower-priced office space in the North, as a result, the city will attract more businesses from further afield. This will contribute towards the creation of a new business hub.

Following the closure of key retail units, the city council acted quickly to buy up closed department stores. These units will be repurposed into new apartments and office spaces, moving more businesses and skilled professionals into Hull’s city centre. These plans are due to complete in 2026 and will introduce 226 new homes. The creation of jobs in the city will see an influx of skilled professionals. As a result of this, rental demand will climb in the area.

Sustainability

Additionally, the Albion Square plans aim to coincide with the city’s plan for net zero carbon emissions. This will be achieved with a new park, electric vehicle charging points, a bike hub, solar panels and rewilded areas. Furthermore, residents have become more conscious of climate control and support their city councils’ aims of reaching carbon neutrality.

Reaching net zero carbon emissions is a goal set across many UK cities which will see the quality of life improve in major cities. Tourists and residents will also be able to take advantage of green spaces, such as urban parks. This gives residents and professionals in the area more spaces to meet, network and connect.

Whitefriargate

Whitefriargate is a beloved, historic district that includes 33 listed buildings. The buildings will be refurbished and maintained to a high standard, allowing a range of uses year-round. This will be a boost for the local economy in Hull by generating income within the city. The buildings will be licenced to property developers to be transformed into luxury apartments, including the introduction of key amenities.

The project aims to take advantage of unused floor space, with the creation of an event space. This will offer increased footfall to the historic area. The aim will be to provide extra employment opportunities to residents of Hull. Additionally, the project states the desire to support local creatives to exhibit work in the area.