Grant set to kick-start Millennium Mills regeneration with 1,500 homes
Joe Talora, LDRS
- Credit: Ken Mears
Thousands of homes are set to be built as part of the £3.5 billion regeneration of Millennium Mills, the mayor of London has announced.
The former flour mill, which has been vacant since it closed in 1981, has become a popular filming destination and has featured in recent films including The Batman and Spider-Man: Far From Home.
Several unsuccessful attempts have been made over the past 40 years to develop the site which includes a Grade II listed silo.
But on Tuesday, the Mayor of London announced an £80 million housing grant from City Hall would see 1,500 homes built on the site during the first phase of redevelopment, half of which will be genuinely affordable.
Plans for the site will lead to the creation of up to 6,000 new homes and 10,000 new jobs over the next decade.
Millennium Mills will form part of the wider redevelopment of the Royal Docks which is set to create up to 42,500 new jobs and 30,000 new homes over the next two decades.
Mr Khan has said the development will lead to the creation of a “vibrant new neighbourhood” in Silvertown which is expected to be completed in the early 2030s.
He said: “The regeneration of this area is long overdue and I’m excited by the plans for Silvertown which respect its past whilst embracing east London’s vibrant and creative future.
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“Not only will this project create a vibrant new neighbourhood with 50 per cent genuinely affordable homes but it will also create highly skilled jobs while supporting the regeneration of the Royal Docks as we build a better, fairer and more sustainable city for everyone.”
As part of the regeneration, 1.8 million square feet of new workspaces will be created as well as spaces for cultural and community events.
The first homes on the site are expected to be ready to be occupied by 2024.