Capital & Regional has been given the green light for its plans to develop up to 500 homes as part of plans to extend The Mall Walthamstow.
The shopping centre investor received “formal consent” for the plans which include an 86,000 sq ft extension to the existing shopping centre; up to 500 new residential homes, including affordable housing; an upgrade to Walthamstow Central Station and an enhanced new town square.
Work is expected to start in 2020 and follow Capital & Regional’s refurbishment of the shopping centre.
It will seek funding options as the detailed planning application for the residential tower is brought forward.
Lawrence Hutchings, chief executive of Capital & Regional, said: “Our vision for Walthamstow has been developed hand-in-hand with the council and residents, and we have tailored the mix of homes, leisure uses, services and amenities to meet the needs of the local community.
“This will be transformational for Walthamstow and underlines our position at the heart of the community, both in terms of how we are supporting the improvement of the wider public realm and amenities, including Transport for London’s plans for the underground station, but also in terms of how we are able to provide relevant goods and services for the people we serve.”
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