The long-standing plans for the Dales market town are now getting closer to the starting line for construction. Maple Grove Developments will demolish a high street building and replace it with a retail arcade, while Lovell will build 220 homes.
Lovell鈥檚 element is valued at 拢28m.
Lovell and Maple Grove were selected by the council as its development partners in 2009.
Paul Smith, chief executive of Lovell鈥檚 parent company, Morgan Sindall Group, said: "Lovell continues to make progress developing its market-leading position in the affordable housing arena with this latest deal, one of a number we have already secured this year. We look forward to working with Maple Grove and Craven District Council to deliver the development."