The Finzels Reach scheme opposite Castle Park was scheduled to be complete by 2017. The scheme would provide 400 homes with offices, restaurants and a £3.6m bridge connecting the park.
Since the developer Cubex Land, supported by property investor Palmer Capital, has dealt with all the current debt, it is in control of the waterside scheme.
The scheme includes 115,000 sq ft offices at Bridgewater House, which is 30% let to BDO and Barclays, and 195 apartments in three buildings.
Its primary focus now is to market 73 built but unsold apartments and rent the remaining available Grade A office space at Bridgewater House.
Director of Cubex Land Bristol, Gavin Bridge, remarked: “This project will play a crucial part in enabling Bristol to meet the growing demand for residential and office accommodation in its city centre.
“Cubex Land welcomes the opportunity to reengage with the local community and help bring the regeneration of this strategic site forward.”
Cubex Land will embark on a gradual delivery of the project, which is expected to finish by mid-2016.
This implies the delivery of the Finzels & Cask project at the site, which has planning approval for 32 prime waterside residential apartments with views on the Floating Harbour.
Improvements will be seen in seven other areas on the 4.7-acre site with a mix of new build and restored period buildings.