Enfield Council has confirmed a shortlist of four developers and housing associations for its first Meridian Water housing site.
The shortlist includes Galliford Try, L&Q, Peabody and Redrow.
An announcement on the successful development partner is likely to be announced in spring 2019.
In total, 17 organisations expressed an interest in delivering Meridian One, with 10 submitting bids to the council in October.
Meridian One already has planning consent for 725 homes at Willoughby Lane, with construction having already begun in January 2017.
The homes will be delivered around the new Meridian Water railway station, which is due to open in summer 2019.
The Meridian Water project was first mooted in 2011, when Enfield began seeking investment partners to build 5,000 homes. In 2015, it changed tack and started to look for a master developer.
However, the project struggled to take off after Hong Kong’s Pacific Century Premium Developments walked away, with Barratt Developments – one of the UK’s largest housebuilders – having also turned down the partnership for the 10,000-home site in late 2017.
After the loss of potential master developers, the council changed tack again and opted to look for multiple partners to deliver the overall site.
Later phases, including the second residential site and the first employment site, will then be initiated, with separate procurement processes.
Enfield Council also confirmed it is in the running for £156m of government funding, up from the £120m reported in July, through the Housing Infrastructure Fund. Enfield has been shortlisted for this money as part of the Greater London Authority’s bid.
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