London Mayor Boris Johnson has formally approved the masterplan for the £1.5 billion transformation of Elephant & Castle's Heygate Estate.
Make Architects’ blueprint for the area – which will create up to 2,500 new homes, as well as new shops, offices and an estimated 1,200 new jobs – had been endorsed by Southwark Council in January.
Conferring his support for the scheme, which is being delivered by the council and Lend Lease, Johnson this week said Elephant & Castle had been “a no-man’s land” for too long.
“It is vital that we push forward with work to unlock the massive economic potential of the Elephant & Castle area,“ he said. “This development is a fantastic example of how new life can be breathed into communities, delivering thousands of new homes and jobs for Londoners."
Mark Dickinson, managing director of Lend Lease’s European development business, said Johnson’s approval set the long-term plans for the area in motion.
“We’ve set out our blueprint for the future but there is a lot of detailed work to undertake and we’ll continue working with the community at every step,” he said.
“At the heart of everything we do is the desire to create a sustainable place to live. A truly sustainable environment needs to bring economic benefits, and support business growth and local job creation.”
The Heygate regeneration project is the largest of a number of major developments planned for the area, including 360 London, One The Elephant and Tribeca Square.
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched