The Feethams Leisure project will transform the town’s 1.9 acre former bus station into a cinema, hotel and restaurant complex.
A nine screen multiplex Vue cinema will anchor the scheme, which includes an 80 bed Premier Inn Hotel, restaurants, bars and shops. Lettings for the development expected to be completed by autumn 2015 have already been secured to national operators Nandos and Prezzo.
Two further restaurant units are under offer to other national brands.
The project is one of several leisure developments that Terrace Hill plans around the country. Chief executive Philip Leech says: “Leisure is seeing strong occupier demand. With regional economies now improving we foresee increasing opportunities for us in this area.”