An application has been submitted to Ards and North Down Borough Council by Bangor Marine Ltd, the partnership behind a £50m regeneration project at Queen’s Parade, Bangor which is set to transform the historic seafront of Bangor. The proposed redevelopment supports the regeneration of Bangor town centre and includes a 67 bedroom hotel, 70,000 sq. ft. of office accommodation, 138 residential units, the creation of a new public realm area adjacent to the promenade, complemented by food and beverage outlets and an undercroft car park.
Bangor Marine is a joint venture partnership between Karl Group and Farrans created specifically to deliver this project, which will provide the opportunity to create a premier waterfront destination. The scheme will regenerate a historic development opportunity site and in turn should encourage further investment and redevelopment within the town centre.