Development at Village site (From Penarth Times)

Development at Village site

A DEAL has now been completed between Cardiff Council and a developer who will build 1,100 residential units on the site of the Cardiff International Sports Village.

Residential developers Bay Pointe Ltd, a joint venture between Allied Developments and City Lofts, has completed the purchase of 12.5 acres of land.

Bay Pointe says it will take full advantage of its unique position affording outstanding views across the Bay, the Severn estuary and back to the city.

This is the last significant residential site on the western side of Cardiff Bay, with outline planning consent for more than 1,100 units. Architects Atkins has designed the development.

Toys R Us will be moving from its current city centre location to the sports village site, opening in the late autumn.

A spokesperson for Cardiff Council said: Together with the ongoing development of the new Morrisons out-of-town food superstore, this development represents further significant investment in the Regeneration at ISV and the Bay. This provides further confidence in the scheme in its aim to deliver a world-class destination for Cardiff and Wales based on international sports, leisure and entertainment facilities which, providing Cardiff is successful in obtaining a Regional casino licence, would be in place by 2010 and used as a supporting venue for the forthcoming 2012 London Olympics.

Cardiff Council leader Rodney Berman said: This is excellent news and is yet another exciting step forward in this world-class development.