Developers behind the six-storey J1 scheme in Broad Street expect to get the go-ahead from Planning next week. The move is likely to spark a race between the States-backed Jersey Development Company – which is responsible for overseeing the Esplanade business district – and private developers to secure banks and other finance firms, with the Royal Bank of Canada believed to be the main target. And C Le Masurier Ltd, the developers behind J1, think that they will win the battle. Managing director Brian McCarthy said that they expected that the scheme, which would create up to 500 construction jobs, could be given the go-ahead next Friday.
He said: ‘We are due to receive planning consent by then, and we are working with a timeline agreed with the department and the Environment Minister for determination by then.’
Mr McCarthy said that they were in competition with the new Waterfront scheme, but felt that they were ahead in the race.
Full story in Monday’s JEP
