A DENBIGH ‘eyesore’ left empty for two years has a new developer.
The former Kwik Save site at Station Yard, has been vacant since plans to build a £22 million redevelopment failed.
Planning permission was granted in 2007 to Cathco Property Group Ltd, the development promised to bring a Tesco supermarket and 19 other shops to Denbigh, creating up to 400 new jobs.
But in September last year Cathco, which was also behind building the Tesco store in Ruthin, went into administration taking with it four other developments.
Denbighshire County Council confirmed that property investment and development group - Conygar Plc had been chosen.
But, Geoff Sparrow from Gascoignes Chartered Surveyors, one of the unsuccessful under bidders, claims the plans put forward by Conygar Plc were not as expansive as his own.
“The selected buyers for the former Kwik Save /Cathco site in the centre of Denbigh do not intend to implement the comprehensive and approved scheme which comprises 110,000 ft sq and will only be seeking planning for a new 35,000 ft sq food store with the possibility of a petrol filling station if it can be accommodated,” said Mr Sparrow.
“The effect of this is, that the town will not get the landmark retail redevelopment which would have probably created 300-400 jobs and will also miss out on a much needed 15,000 ft sq medical centre too.”
But Denbigh county councillor Raymond Bartley said the plans were great news and "an early Christmas present for the people of Denbigh".
"It was a real blow when Cathco went bust but now the future looks bright, with more jobs and a boost for the economy.
"We can look forward to development there in 2012".
But a spokeswoman for Conygar Plc said: “I am afraid that at this stage we are unable to comment about the plans as nothing has yet been finalised.”