McLaren Living lands another £240m Reading site

McLaren Living has been chosen as preferred bidder for the £240m Minster Quarter scheme in Reading.

McLaren Living has appointed a preferred bidder for the £240m Minster Quarter scheme in Reading. The site will provide 612 homes, a 100-bed hotel, and 20,000 square feet of commercial space alongside Reading Borough Council.

The Minster Quarter win is all the more tangible a week ahead of when placemaking specialists McLaren Living disclosed it would develop the adjoining Broad Street Mall area to form another mixed-use local community inside Reading’s town centre.

Jobs at Minster Quarter will briefly demolish the old Civic Centre site to develop a whole new district. However, the Broad Street Mall scheme will have 600 build-to-rent housing flats and 15000 square feet of commercial, retail, and leisure space.

The site will deliver 612 homes alongside a 100-bed hotel and 20,000 sq ft of commercial space in partnership with Reading Borough Council.

The Minster Quarter win comes just weeks after McLaren Living revealed it would redevelop the adjacent Broad Street Mall to create a new mixed-use neighbourhood in Reading’s town centre.

Work at Minster Quarter will transform the town’s former Civic Centre site into a new neighbourhood, while the Broad Street Mall development will contain 600 build-to-rent flats and 15,000 sq ft of commercial, retail and leisure space.

Despite the project’s promising outlook, the proposed percentage of affordable housing within the Minster Quarter has sparked debate. Councillor Rob White advocates for a 50% allocation, while council leader Jason Brock suggests a more feasible policy-compliant level of 30%. The final decision on this matter will significantly impact the project’s direction and potential to cater to a broader demographic.