The £60 million transformation bid has said it will preserve the existing Templars Square shops and add new restaurant units and a hotel, as well as improving the pedestrian routes, streetscape and car parking facilities.
Included in the proposals submitted to Oxford City Council are plans to build 200 apartments.
New River are hoping the plans will lead to better experiences for consumers and bigger local community, whilst attracting new shoppers, encouraging longer visits and acting as a catalyst to growth and added investment for Cowley.
Property director of New River, Allan Lockhart, commented: “This milestone marks a real step-change for Cowley and is long-overdue. The case for regeneration is absolutely clear and this is an excellent opportunity to reinvigorate the heart of the town centre with high quality and modern, yet sensitively designed, development that will be a source of real pride locally – not just for our large number of loyal shoppers but for the wider local community.”
