The Exchange

The next phase of Aylesbury’s transformation is underway

Work started in January with the site hoardings being erected around the construction site of this exciting mixed-use scheme on part of the Exchange Street car park.  Waterside North new building

Four restaurants, with 47 one and two bedroom apartments above and a stunning new public square should be completed by autumn 2018. The scheme will also provide some commercial space facing Long Lional which could be used in a variety of ways including retail, more food and beverage or offices. 

 

Waterside North building with front space

 

Find out more about the scheme in our FAQ page.

Find more information on parking in Aylesbury.

Viewing spaces will be created in the hoardings so that people can see the building taking shape.         

 

AVDC’s key partners for the development are;

Durkan will construct the scheme. Hunters Architects have designed the building on behalf of Durkan and Bradley Murphy Design have designed the new public square.

The scheme has yet to be officially named but its working title is Waterside North to distinguish it from Waterside South, the land on the opposite side of Exchange Street running alongside the Grand union Canal. 

Since 2010, Aylesbury Vale District Council has developed Aylesbury Waterside Theatre, Waitrose, Travelodge, and a new public car park. The University Campus, Aylesbury Vale at the head of the refurbished canal basin opened in 2015, to complete the District Council’s transformation of this area of town.

More about…

Waterside North apartmentsThe apartments

AVDC will own the freehold and Durkan the  long lease on the apartments. The apartments will be for private sale and are split between 36 two bed with two bathrooms and 11 one bed, one bathroom. 

All apartments will either have a balcony or a terrace.


Waterside North restaurantsThe restaurants
Four restaurants will face the new public square. AVDC who will own the restaurants has a list of target operators based on a study undertaken by leading food and beverage consultants, Coverpoint, which reviewed the number and range of eating places in the town centre. The Coverpoint study shows that Aylesbury has significant gaps in both aspects particularly given the growing population and the national trend for people who like to combine shopping with socialising. 

Each restaurant will have outdoor eating space.

Announcements will be made about who the new operators will be as the scheme develops.

The District Council’s decision to keep the ownership of the restaurants is in keeping with its policy of using capital money which it can borrow at a very competitive rate to improve the town centre whilst using the rent from tenants to pay back the borrowing and provide an income stream to help pay for other district council services.

The District Council’s decision to keep the ownership of the restaurants is in keeping with its policy of using capital money which it can borrow at a very competitive rate to improve the town centre whilst using the rent from tenants to pay back the borrowing and provide an income stream to help pay for other district council services.    

The commercial space

The approved plans show three commercial units fronting Long Lional. However, the space is designed to be flexible depending on the occupiers and their requirements. There could be one, two or three tenants who might be retailers, food and beverage operators, or small office based businesses.   

AVDC will also own this space and receive the rent.

The new public squareWaterside North public square

This stunning new public square will sit between the new building and the cinema and existing restaurants – Wagamamas, Gourmet Burger Kitchen and Nandos.

The design by Bradley Murphy, reflects feedback from a wide range of key stakeholders including the Bucks user Disability Service (BuDs), adjacent businesses, the Aylesbury Town Council and the Aylesbury Society.

The final details of the square are still being developed but two artists have been appointed by AVDC and Bradley Murphy – Colin Spofforth and Chris Brammall to design the fabulous public art which will be a key feature running through  the square. 

Other plans for Aylesbury town centre

The broader Waterside North scheme received outlined planning permission in 2014. A joint planning application by Bucks County Council and AVDC included land and buildings adjacent to the Exchange Street car park in the ownership of the County Council.

Plans by the County Council included:

Waterside North other plans
  • the demolition of most of the rear of the Old County offices in Walton Street and the former police station to enable the new surface car park to be created (opened November 2015)
  •  the conversion of the upper floors of the remaining old county office to apartments with a new restaurant and civic use on the ground floor
  • A new public square (Walton Square) linking Walton Street through to the AVDC scheme on Exchange Street car park via the Judges’ Lodgings
  • Environmental enhancements to Walton Street
  • The conversion of the former print works building for the Thames Valley Police for restaurant use

A masterplan for the redevelopment of the whole of the Exchange Street car park was submitted at the same time and this will be reviewed as the first phase develops.

The Aylesbury Town Centre Plan developed in partnership with key stakeholders, sets out the Vision for the town centre, guiding principles for development and action plans for improving the different areas of the town. Waterside North is included in the actions.                

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