Developer Lend Lease has been granted detailed planning permission to build the first phase of homes for the Elephant & Castle Heygate Estate regeneration scheme.
Southwark Council this week approved proposals for 235 homes - the first of almost 3,000 - that that will be constructed as part of its £1.5 billion partnership with Lend Lease. A masterplan for the whole project was finally approved last month.
The phase-one properties, designed by architects de Rijke Marsh Morgan, will range in size from studio flats to four-bedroom family homes.
They will be contained in eight buildings constructed on a 1.14 hectare site adjacent to Rodney Road, and the area will also be extensively landscaped to provide new green spaces, a tree-lined pedestrian street, and a children’s play area.
The properties are expected to be complete in 2015, with sales due to start in April this year.
Mark Dickinson, Lend Lease’s UK managing director for residential development, said the latest planning approval - combined with the green light the firm received for its One The Elephant development - proved that the project was gaining momentum.
"We’re excited at the prospect of the regeneration now getting underway and we plan to be on site later this year,” he said.
“During a wide-ranging and thorough consultation, we’ve worked closely with the community and listened to their feedback.
“This feedback has helped shape the final development and influenced many improvements to the scheme, such as a reduction in density, the introduction of more family-sized homes, additional landscaping works to transform Victory Place, a reduction in car parking and the retention of as many existing mature trees as possible.”
Councillor Fiona Colley, Southwark’s regeneration, lead, said the latest approval was “a major milestone”.
“This week’s decision means we, with our development partners, can start to bring those plans to life,” she said.
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched