Le Masurier have pulled plans to build Parkside Village, a residential and retail development, because they feel let down by planners.
The scheme was due to be built on land in between Bath Street, Rue de Funchal and the old Odeon cinema site and included homes, shops and restaurants.
However, earlier this month the company received rewritten supplementary guidance from the Planning department, which they say makes the project unviable.
The news has astonished Planning chief executive Andy Scate, however, who said: ‘I’m amazed the company has chosen not to proceed. I think they fundamentally misunderstand the planning process.’
