Phase two of the renovation of an estate in Barking, which is to provide 470 homes and a school, has been given the go-ahead.
Barking and Dagenham Council’s cabinet approved in July plans for the second stage of the reconstruction of the Gascoigne Estate, which is to be renamed Weavers Quarter.
Working with development partner East Thames Group, the council has also assembled a £106 million fund and agreed to start rehousing the residents of the blocks earmarked for demolition.
Councillor Dominic Twomey, cabinet member for finance, growth and investment, said the council’s vision was to create an “attractive and prosperous” new community, with the new school at the heart of it.
The decision by the cabinet comes as work is also progressing on the first phase of the scheme: 382 homes have been demolished and the construction of 421 new properties for shared ownership and subsidised rent has started. Completion is expected for early 2018.
Plans for the Gascoigne estate renewal, which will include further phases, involve the construction of a total of 1,575 new homes, new primary and secondary schools, an energy centre, a community centre, play areas and retail space. The project is expected to be complete by 2024.
According to Trevor Burns, executive director for development, sales and asset management at East Thames, the development has the potential to “completely transform Barking town centre”.
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…