Plans for a new cinema, restaurants and bars to be presented by asset manager LaSalle Investment Management
Plans for a new eight-screen cinema and four new restaurant and bar units within the Mercat Shopping Centre in Kirkcaldy are to be revealed to the public for the first time this month.
The public exhibition and consultation are to take place in the Mercat on Friday, 24 March 12.30 – 17.30, and Saturday, 25 March 09.30 – 13.30.
The shopping centre’s asset manager, LaSalle Investment Management, is proposing a cinema and leisure facility on the site of the former swimming pool which is annexed onto the Mercat Shopping Centre. A pre-application notification has been lodged with Fife Council in advance of a formal planning application being submitted.
The purpose of the Pre-Application Notification is for communities to be better informed about the proposed development at the Mercat Shopping Centre and to have an opportunity to contribute their views before a formal planning application is submitted to the planning authority.
Fife Council says it is hoped that as many people as possible from the local community will visit the public exhibition in the Mercat Shopping Centre to view the proposals for the new cinema and restaurants/bars and provide their thoughts and suggestions.
Leader of Fife Council and Councillor for the Kirkcaldy North Ward, Cllr David Ross, said: “I really welcome this proposal from LaSalle Investment Management, that could deliver an exciting major town centre re-development scheme.
“Whilst this is at an early stage in the planning process and there’s no guarantee, at this stage, that it will go ahead, we have been working with LaSalle over the last few years, and I believe their proposal is credible and realistic.
“This development proposal has the potential to deliver real economic benefits to the town centre and the wider community in Kirkcaldy. It would provide another significant sign of positive change in Kirkcaldy town centre, as well as providing the potential to roll out further investment across the town centre.”
Cllr Neil Crooks, Councillor for the Kirkcaldy North Ward, said: “Fife Council and the Kirkcaldy Ambitions Partnership Group have made substantial investments to date in revamping the Kirkcaldy Galleries, new high street public realm, improvement to the esplanade multi storey car park, reduced car parking rates, installation of town centre WiFi, new signage and interpretation, the opening of the Adam Smith Heritage Centre and work to maximise the potential of Kirkcaldy’s waterfront.
“We hope that this important work will continue to act as a catalyst for other new town centre regeneration projects to come forward that enhance Kirkcaldy’s night time and leisure offerings.”
Planning application for the scheme is expected to be submitted to Fife Council in Summer 2017, subject to any issues that may arise from the pre application notification process.
Please note that the image attached is indicative only of one potential design for a cinema, and may not represent any final design and finish.
LaSalle Investment Management is one of the world’s leading real estate investment managers with approximately $59 billion of private and public equity and private debt investments under management (as of Q3 2016).
Its client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments.
LaSalle is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Inc. (NYSE: JLL), one of the world’s largest real estate companies.