The former Aquarena swimming pool has been sold by Worthing Borough Council to local company Roffey Homes for a figure in excess of £5 million.
Roffey Homes plan to redevelop the site with a mixture of apartments, affordable housing, some commercial use and hopefully some public parking.
Bryan Turner, Worthing Cabinet Member for Regeneration, said: “This agreement marks yet another step in the transformation of the seafront. I look forward to working with Roffey Homes, to bring another high quality development to Worthing.”
Ben Cheal from Roffey Homes says: “Over the next nine months we shall be working very closely with Worthing planners and a Regional Design Panels to provide a landmark development that will continue the regeneration of this area of Worthing seafront.
We have appointed Devereux Architects, a London based architect, to carry out the architectural design works. They designed our current Beach Hotel development and are once again looking at a contemporary design for this site.”
Over the coming months Roffey Homes will carry out a public consultation before submitting a planning application in summer 2014.
The developers hope to be able to start work on site in 2015.