A tree lined square overlooking the Greyfriars monument will be home to restaurants and a cafe bar as it emerges developers are in talks to bring in businesses.
New city centre dwellers will move in June into the first of more than 250 properties currently being built by Linden Homes on two sites off Brunswick Road.
It comes as the developer has entered negotiations with local GPs to find a practice to take on the proposed doctors surgery. It is also looking to fill restaurants, a cafe-bar, office space and a pharmacy earmarked for the site.
There will also be a community space for more than 500 new city centre residents.
Sales director Sue Scholfield said: “Greyfriars Quarter is ideal for those looking to enjoy the benefits of living in a city centre as well as the peace of mind that comes from buying new.
“Located close to the regenerated historic city docks, Greyfriars Quarter provides a great base to explore all that Gloucester has to offer – from its Cathedral and museums to shops and restaurants.”
The firm is tipped to run a campaign encouraging people who rent to consider becoming first-time buyers. They will argue that they may even be better off thanks to support from the Government’s Help to Buy scheme which provides home buyers with an equity loan of up to 20 per cent of the value of any new-build home up to a maximum of £600,000.
The £25million redevelopment of the former Gloscat college grounds and the adjacent media site is seen as key by city leaders in helping rejuvenate Gloucester’s city centre economy.
Chris Atine, general manager at nearby Cafe Rene, which is likely to benefit the most from the site’s development, said: “Getting people to live in our city centre is really important because they will in turn spend their money here.
“Gloucester has some amazing period properties in the centre that nobody lives in so it will be good to see things turn around.
“When students go to university they quite often like to stay and that’s when you get your young professionals moving in. It would be nice to see that happen here in Gloucester.
“The new residents are going to have plenty of pubs to choose from and we are all hopefully going to benefit from that.”
Completing the site will take a further 18 months but it is expected that all of the properties on the media site, opposite the city museum, will be sold by Christmas when it is completed. Linden Homes will then start work on the second phase opposite the friary.
The first of the homes to be unveiled in June are three-bedroom townhouses which offer ‘spacious’ living across three floors, with open plan living areas, a garden and a parking space.
Some 176 apartments are planning in total, with 78 townhouses.