03.10.17
TfL announces partner to develop Blackhorse Road housing site
BLLQ LLP has this week been named as the preferred bidder to develop a 1.8-acre site opposite Blackhorse Road Tube station by TfL.
In March, the mayor of London announced that the site would be unlocked for development, and TfL offered companies in its Property Partnership Framework the chance to bid to be a joint venture partner in the project.
BLLQ LLP has now been named as the company to deliver around 350 new homes opposite the north east London station, of which half will be affordable.
The site is also surrounded by a number of mixed use developments which together form a community of around 1,700 homes alongside retail, commercial and leisure spaces.
Due to the proximity of the site to the Tube stop, the houses will be well connected to the rest of London via the Victoria Line and London Overground services.
Future residents will also benefit from the package of improvements being delivered in Waltham Forest through its Mini-Holland programme.
“This site on Forest Road is a key part of bringing an exciting new neighbourhood to life in the heart of Waltham Forest,” said Graeme Craig, director of commercial development for TfL.
“We are thrilled to be working with BLLQ LLP to deliver hundreds of homes for Londoners with excellent transport links and just a short journey from central London.
“Half of the homes will be affordable and we’ll also be generating much needed revenue to invest back into the transport network.”
And Matt Calladine, regional land and development director at Barratt London, added: “The TfL car park at Blackhorse Road station is an important development site in the context of the wider regeneration of this area.
“We are looking forward to working closely with TfL, the London Borough of Waltham Forest and local stakeholders to ensure the delivery of high-quality homes and new commercial facilities that will benefit the entire community.”
Cllr Clare Coghill, leader of Waltham Forest Council, also explained that the announcement moved the authority a step closer to creating a new vibrant town centre in the Blackhorse Lane area.
“This complements the other investment taking place which will lead to 2,500 new homes and the creation of 1,000 jobs,” she explained. “TfL’s commitment to ensuring 50% of the new homes are affordable for local residents is a really positive step, building on the commitment made by the GLA in August to deliver 100% affordable homes on its Webbs Industrial Estate site on Blackhorse Lane.
“This is alongside the other work we are doing with TfL in Blackhorse Lane on the delivery of public realm improvements to the Standard Junction and Forest Road, as well as an £800,000 refurbishment of Blackhorse Road Station which will be completed next year.”
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