▁was ▁sold ▁to ▁Mount le igh . ▁ ▁Development ▁of ▁the ▁steel works ▁site ▁did ▁not ▁commence ▁until ▁aut umn ▁ 1 9 8 9 , ▁when ▁construction ▁began ▁on ▁The ▁Water front ▁development , ▁which ▁consisted ▁of ▁Ph ases ▁ 6 – 8 . ▁Ph ase ▁ 6 ▁saw ▁the ▁construction ▁of ▁ ▁of ▁offices ▁( the ▁first ▁of ▁which ▁were ▁occupied ▁in ▁December ▁ 1 9 9 0 ), ▁Ph ase ▁ 7 ▁saw ▁the ▁construction ▁of ▁ ▁of ▁restaur ants ▁and ▁bars ▁and ▁Ph ase ▁ 8 ▁saw ▁the ▁addition ▁of ▁a ▁ ▁business ▁park , ▁which ▁was ▁completed ▁in ▁ 1 9 9 5 . ▁Water front ▁Way ▁was ▁opened ▁in ▁early - Dec ember ▁ 1 9 9 0 ▁to ▁serve ▁the ▁new ▁complex ▁and ▁provide ▁a ▁road ▁link ▁to ▁the ▁sho pping ▁centre ▁and ▁also ▁to ▁the ▁main ▁A 4 6 1 ▁road . ▁ ▁The ▁Water front ▁development ▁created ▁some ▁ 4 , 0 0 0 ▁jobs , ▁but ▁the ▁on set ▁of ▁another ▁re cess ion ▁in ▁ 2 0 0 8 ▁saw ▁many ▁business es ▁vac ate ▁the ▁development , ▁leaving ▁a ▁high ▁percentage ▁of ▁office ▁units ▁empty . ▁In ▁June ▁ 2 0 1 1 , ▁in ▁a ▁bid ▁to ▁bring ▁jobs ▁back ▁to ▁the ▁Water front , ▁the ▁area ▁was ▁among ▁the ▁candidates ▁for ▁enter prise ▁zone ▁status ▁once ▁again   —   1 7 ▁years ▁after ▁the ▁original ▁enter prise ▁zone ▁exp ired . ▁ ▁Ph ase ▁ 4 ▁was ▁partly