32 Stodman Street moves closer to completion
Posted on: Thursday, February 19, 2026Work on transforming the former M&S building at 32 Stodman Street is making great progress with a completion date on the horizon in 2026. As one of the flagship initiatives led by Newark and Sherwood District Council and the Newark Town Board, this project is set to revitalise the town centre. Backed by the UK Government’s ‘Local Regeneration Fund,’ the scheme is making real headway.
Construction, overseen by main contractor Stepnell, is progressing, with the development now taking its final shape at the heart of Newark.
Once completed, the site will deliver 29 high-quality homes, which will now be for sale, offering a vibrant new residential option in the town centre. 1 and 2 bed apartments will be sold off plan by Arkwood Living, with interested parties able to purchase them soon.
Alongside these modern homes, plans include attractive new retail units designed to revitalise Newark’s retail offer for residents and visitors, helping to secure a thriving future for the town centre.
The development aims to create a lively town centre where people can live, work, shop, and enjoy leisure time. By increasing town centre living, the development is set to boost both daytime activity and the evening economy, supporting a safer and more dynamic community.
Councillor Claire Penny, Portfolio Holder for Sustainable Economic Development at Newark and Sherwood District Council, said: The site’s development has progressed exceptionally well, particularly given the challenges posed by dismantling and reconstructing the building within a limited space
“Once complete, this project will bring huge benefits to both residents and visitors, ensuring Newark’s centre remains a vibrant place for all.”
“We’re committed to making a positive difference alongside our partners, showing how steps like this can help reimagine town centres for the future. By blending living, working, shopping, and leisure, we’re confident Newark will become even more attractive and welcoming for everyone.
“Without the Council’s intervention, this prominent building on Stodman Street could have fallen into disrepair.”
The development features eco-conscious design with solar panels, modern insulation, and a commitment to recycling up to 95% of materials removed from site. Green planting and the expansion of St Marks Lane will enhance the area’s environment, opening up new links between Lombard Street and Stodman Street.
Tom Sewell, Director at complete construction partner Stepnell, said: “By incorporating sustainable methods of construction and low-carbon energy management solutions, and working carefully within a constrained town-centre footprint, we are making strong progress.
“This will enable us to deliver high-quality homes and retail space that will serve Newark for generations to come.”
Penny Taylor MBE, Co-Chair of Newark Town Board, said: “As part of the regeneration of Newark Town, this project will allow for a different element of shopping and housing to be seen in the town centre. While acknowledging the changes in the social fabric of high streets and the increase in shopping at retail parks we hope this will bring a different shopping experience to the town.”
The Stodman Street project is a prime example of the successful partnership between Newark Town Board, the District Council, and industry partners like Stepnell. Students from Newark College have also had the unique opportunity to visit the construction site, gaining valuable insight and experience as part of their studies.
Completion of the development is expected in summer 2026.