Olympic Park homes legacy 'to be fast-tracked'
The London Legacy Development Corporation (LLDC) is seeking a partner as it looks to fast-track the next stage of the Olympic Games homes project.Properties are going to be built at the Queen Elizabeth Olympic Park, with around 1,500 houses scheduled to be constructed at East Wick and Sweetwater. The first residents are expected to move in by 2016, while all of the work will be completed by 2023 - a full six years ahead of the original schedule. As well as housing, the site will also boast two schools, open spaces, world class sporting venues and a health centre. Transport links to creative and artistic districts of Hackney Wick and Fish Island will also be available. Boris Johnson, the mayor of London, said the scheme represents a "tremendous opportunity" for developers to play a part in redeveloping the historic site of the Olympic Games. "Our goal is to create vibrant new neighbourhoods to include a range of affordable housing choices for Londoners. There's a huge need for more homes in the capital and this pressure will only increase as the city grows. That's why we have found a way to accelerate the delivery of these two neighbourhoods to help people get into the homes they want more quickly," he added.Dennis Hone, chief executive of the LLDC, remarked the neighbourhoods created at both East Wick and Sweetwater will be the perfect examples of London's latest "residential architecture". He is hoping to receive proposals from a wide range of organisation, as the tender does not necessarily have to be given to one firm. Consortiums, housebuilders, contractors, investors and private sector specialists are among the parties expected to be interested in the initiative.Around 5,300 jobs are expected to be created by the development of the neighbourhoods, which will be situated near the new digital quarter at iCITY.
--- Ends ---