A £200 million urban regeneration scheme in Middlesbrough, Crown Square, has officially launched. The scheme aims to revitalise the town’s central area and Gresham district. The project was unveiled at UKREiiF, a national property event, and is positioned as one of the most significant redevelopment efforts in the region in decades.
Led by developers iMpeC and Buccleuch Property in partnership with the Middlesbrough Development Corporation, the scheme is set to deliver 1,500 new homes and create approximately 4,000 jobs. The first development phase includes more than 230 build-to-rent flats, purpose-built student accommodation for over 400 residents, and one of the UK’s first Fairfield by Marriott hotels. Planning permission for the initial phase has already been granted.
Crown Square aims to address the town’s historic underinvestment while leveraging its existing assets, including a major university campus with £280 million in recent investment, a growing digital economy, and the industrial expansion at Teesworks. The project also integrates mixed-use residential and hospitality developments with co-working amenities, fitness facilities, and concierge services.
A second phase public consultation is scheduled for summer 2025 as the project continues to seek business and investor engagement.
