Plans submitted for 200 new Greenwich flats
Development Securities has announced a new collaboration with Berkshire Investment Capital and Gallions Housing Association that will see the construction of up to 200 new flats in Greenwich.
Plans for the development have been submitted to officials at the London Borough of Greenwich, which focus on the major renovation of a ten-acre derelict site just to the north of Abbey Wood Station.
It includes provision for the building of up to 200 new flats for local residents and those keen to live in the area, as well as a new 100-bedroom hotel.
The scheme has been dubbed the Cross Quarter project and council officials will now have until March to make a decision on whether to give the go ahead to the consortium - it follows the announcement that Abbey Wood Station is to be transformed into the eastern terminus of London's Crossrail project.
Steven Glancy of Berkshire Investment Capital said: "Cross Quarter will enable a major brownfield site to be brought back into active use and deliver much needed investment and long-term benefits to the local economy through creating new jobs, enhancing Abbey Wood's local centre and retail offer and providing a mix of housing tenures to meet local needs."
He added that the project will aim to transform the area in the coming years, making Abbey Wood a more desirable place to live, work and shop.
Elsewhere in the capital, planning approval was recently achieved for the new £500 million twin tower scheme at Vauxhall Square. The project will aim to deliver up to 410 flats in the two state-of-the-art towers, with work to get underway by developer CLS in early 2015.
It will cover 1.6 million sq ft and will also witness the creation of more than 22,000 sq m of grade A office space, a hotel, four-screen cinema and surrounding shops and cafes.
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