A Manchester-based developer is set to invest £200 million to create a new neighbourhood at the long-abandoned Cannon Brewery in Neepsend.
The developers, Capital & Centric, are currently brainstorming ideas for the site, looking to include “everything from new homes to food and drink to live music.”
It acquired the land from former owner Hague Plant, and an application for planning permission is expected soon.
The project is set to be a major catalyst for regeneration in the Neepsend area.
Tim Heatley, a co-founder of Capital & Centric, said: “It’s an incredible site with a really eclectic mix of buildings and a shed load of potential.
“It’s mad that it has sat abandoned for over 20 years.”
The historic site was purchased in 1868 by William Stones. He renamed the then ‘Neepsend Brewery’ to the ‘Cannon Brewery’.
It is where the once most popular bitter in the UK, the famous Stones Bitter, was brewed in 1948.
The bitter was brewed at the Cannon Brewery until its closure in 1999.
Mr Heatley said: “It could easily take a few hundred homes, but we’re also looking at things like a live music space, workspaces, recording and artist studios, mini cinema, café bars, a micro-brewery and markets.
“The vision is for Neepsend to be Sheffield’s most exciting and vibrant district, full of people, and with tonnes of stuff going on.”
Capital & Centric are also currently restoring Eyewitness Works and Ceylon Works on Milton Street in the Devonshire Quarter.
They are creating 97 loft apartments and townhouses as well as a 900 square foot café-bar.