Scheme to create a 'Borough Market' at Canning Town
Construction will begin in the coming weeks on what is proposed as a 'Borough Market for east London'.
Cathedral Group and Galliard Homes are behind the scheme for Royal Gateway and Caxton Works which aims to regenerate an area of disused warehouses at Canning Town.
The scheme received planning permission from Newham Council in December last year.
It will see 336 new homes, commercial and retail space, as well as pedestrianised streets, squares, walkways and rooftop gardens.
The residential element, known as Royal Gateway, will have five newly built apartment buildings.
Meanwhile, the commercial space at Caxton Works will be designed for manufacturing and educational enterprises, with affordable rents.
As part of the scheme, Hoy Street will be pedestrianised, with a mix of studio workshops and, local retail outlets, cafes and al fresco food stalls put in place, to create a "new Borough Market atmosphere for the community".
Galliard Group chief executive Stephen Conway said: "Royal Gateway is an exciting regeneration project will create a vibrant new Borough Market style destination providing homes, commercial premises and retail space.
"It will be a fantastic place for people to live, work and enjoy leisure time since its superb location at the gateway to London's Royal Docks provides easy access to Canary Wharf, The City and West End."
The scheme has been speeded up with the original plan proposing a start date for construction of September 2014. Work will now begin this month.
The first homes will be finished by the third quarter of 2016 with the overall development completed in spring 2017.
Marketing on the apartments, priced from £250,000, will take place at Galliard launch events beginning on Friday, February 14 (5pm to 9pm), and continuing through to Saturday and Sunday (10am to 5pm), at the Crowne Plaza Hotel by Royal Victoria Dock.
Go to galliardhomes.com for more information.