Transport for London (TfL) has announced today that it has been given the go ahead to start building hundreds of new homes - 50 per cent of which will be at social rent levels or for shared ownership - working with Barratt London as part of its Property Partnership Framework.
The development, named Blackhorse Point, will be built on a 1.8 acre site and will deliver 350 new homes in Waltham Forest across six new buildings. The new homes will provide a mixture of studio, 1, 2 and 3 bedroom properties.
The development is situated opposite Blackhorse Road station, which is serviced by both the Victoria line and London Overground. The site will also make it easier for residents to cycle with 650 cycle parking spaces.
Designed by RMA Architects, the development is a key element of the wider masterplan of the Blackhorse Lane regeneration area, which falls under part of the Greater London Authority's Blackhorse Road and Northern Olympic Park Housing zone as well as the London Borough of Waltham Forest's Blackhorse Lane Area Action Plan. It will ensure that those living and working in the area continue to benefit from the changes taking place by improving public amenities - including new public pedestrian links, new trees and new children's play areas.
Blackhorse Point will deliver 17,000 square feet of retail and commercial space, which will include opportunities for small and independent businesses. This includes a new co-working hub and creative workspaces, which will further support the Blackhorse Lane Creative Enterprise Zone. The construction of the site will create up to 300 jobs and local apprenticeships.
Graeme Craig, Director of Commercial Development at Transport for London, said: 'Blackhorse Point is a really exciting development and we are thrilled to be taking it forward with Barratt London. It will have a huge, positive impact on Waltham Forest, supporting the regeneration already taking place. It will be providing the housing that the borough and London desperately need, while generating vital revenue to reinvest back into the transport network.
'The development will enable the local economy to continue to flourish with even better public amenities and new job and local apprenticeship opportunities. The additional retail and work spaces will provide a fantastic offering for those looking to start or expand their businesses in a brilliant location.'
Matt Calladine, Regional Land and Development Director, Barratt London, said: 'We are delighted with London Borough of Waltham Forest's resolution to grant planning permission for Blackhorse Point. This is an exciting project for us and we are particularly pleased to be able to deliver such a high percentage of much needed affordable homes for the borough, alongside retail and co-working space.
'It is a great privilege to be bringing forward this development in partnership with Transport for London, and we are looking forward to starting work on the project subject to Mayoral approval.'
Cllr Simon Miller, Cabinet Member for Economic Growth and High Streets, said: "We're delighted to work with TfL and Barratt London on this exciting project, which will deliver much-needed new housing alongside retail and commercial outlets in the up-and-coming Blackhorse Road area. The council is committed to improving residents' life chances and providing them with a decent roof over their heads as we continue to create even more opportunities to succeed for those who live, work and study in Waltham Forest."