A new town is set to spring up on the banks of the Thames as the ink dries on an £8bn deal between a property developer and a housing association.
The Thamesmead Waterfront regeneration project, taking place on an empty green space west of Thamesmead town centre, will bring 11,500 new homes to the area.
Housing association, Peabody, and international property developer, Lendlease, have formed a joint venture partnership to deliver the £8bn development.
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It would be interesting to hear @Airman Brown thoughts on this thread.
Hard to see how this will get through a traffic impact assessment given the nightmare that is the A2 without very significant new highway infrastructure or (much more probably) very severe restrictions on car parking which would effectively limit car ownership for new tenants/buyers.
At least we can still sing "mist rolling in from the Thames"
houses no doubt that will fall apart within a year.
What did happen until a few years ago is that developers would try to push down the level of affordable housing on viability grounds partly on the basis of the cost of infrastructure. But most authorities are much more alive to the way viability calculations can be manipulated then they used to and are much stricter in insisting on delivery of affordable housing. As this project is led by a housing association I assume that they will try to get as close as possible to the Mayor's 50% AH policy.
Dont expect anything drastic to happen any time soon.
A DLR/station would be helpful, but Thamesmead is also bookended by Woolwich and Abbey Wood which will both have Crossrail stations. It will be much quicker to travel via either of those than a potential DLR stop which will meander through the Beckton line to get anywhere near Central London.
fact is we need extensions on the bakerloo and maybe even jubilee line down into south east London.