First phase of work set to start next autumn
Morgan Sindall-owned Muse Developments has been picked by Rotherham Borough council as its preferred partner for the first phase of a mixed-use scheme in the South Yorkshire town.
Called Forge Island, the proposal includes a cinema, food and drink outlets, a hotel and new leisure facilities. A footbridge will link the site to the rest of the town centre.
The first phase of work will include the main island and part of a riverside precinct, incorporating the central hub hosting the cinema, hotel and restaurants. Work is due to start next October and take two years to complete.
A planning application is expected to be submitted to the council later in the year.