High-end Fashion Brands Join Lincoln’s Revitalized Retail Hub
- Cornhill Quarter undergoes £70 million redevelopment
- Superdry and Waterstone stores added to the scheme
- Total retail space of 7,100 sq ft for both brands
- Overall project spans 150,000 sq ft of mixed-use commercial floor space
- Lincolnshire Co-op progressing long-term vision for a destination for residents and tourists
- Corn Exchange Building renovation completed in 2017
- £30m invested into surrounding transport infrastructure by local council
The £70 million Cornhill Quarter redevelopment project by Lincolnshire Co-op has added two new high-profile retailers, Superdry and Waterstone, to its lineup. The stores will occupy the ground and first floor of the Waterstones building, totaling 7,100 sq ft of retail space. The overall project is set to span 150,000 sq ft of mixed-use commercial floor space. Lincolnshire Co-op’s CEO, Ursula Lidbetter, said that the additions cater to public demand for more men’s fashion options. The development aims to create a destination for locals and tourists alike, featuring both big names and local retailers while boosting the city’s offerings and attracting visitors from afar. The Corn Exchange Building was renovated in 2017, with construction on the fourth phase underway. Additionally, £30 million has been invested into surrounding transport infrastructure by the local council.
Factuality Level: 10
Factuality Justification: The article provides accurate information about the redevelopment of Lincoln’s Cornhill Quarter, including details on retail signings and the involvement of Lincolnshire Co-op. It also mentions feedback from residents and the investment in transport infrastructure.
Noise Level: 2
Noise Justification: The article provides relevant information about a redevelopment project in Lincoln’s Cornhill Quarter and its new retail signings. It includes quotes from a key figure involved in the project and mentions the investment in transport infrastructure. However, it lacks analysis or exploration of broader trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: The development impacts local real estate market and retail companies in Lincolnshire
Financial Rating Justification: The article discusses a £70m redevelopment project and mentions high profile retail signings, which affects the local real estate market and retail companies in the area.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text
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