Newham Council opens tender process for Carpenters Estate redevelopment in Stratford
PUBLISHED: 14:30 25 August 2017
Newham Council has launched a bidding process to find a commercial partner to help redevelop the Carpenters Estate in Stratford.
Under the multi-million pound plans, the Stratford estate will be demolished to make way for thousands of new homes and jobs.
A concession notice for a joint delivery partner has been published through the Official Journal of the European Union, the council announced today.
Currently there are 710 properties – comprising three tower blocks and some low rise buildings – on the estate located adjacent to Stratford Station.
The redevelopment will see this quadruple to 3,000 homes, with approximately one third of these classed as affordable.
Approximately 1,000 jobs will be created in the construction phase, with more to follow after the completion of the 20,000 sqm commercial space.
Newham residents are expected to be prioritised for employment opportunities under the council’s Workplace programme.
Public realm improvements are also expected while Carpenters Primary School will be expanded as will educational facility Building Crafts College.
Cabinet approved the redevelopment plans in November 2015 but the move has angered some existing residents who are unhappy about the proposals.
Newham Council will retain a 50 per cent share in the development, long-term asset holding and management as the site’s landowner,
Sir Robin Wales said: “Our vision is for a mixed-use development on the site, bringing with it significant social and economic benefits by increasing the number of homes and employment opportunities as well as creating additional community and open spaces.
“Residents are at the heart of our plans to develop the estate. It is not just about bricks and mortar but also about investing in our people, creating new job and training opportunities and building high quality affordable and private homes that respond to the needs of Newham residents.
“Community engagement is essential to this and we will ensure our partners work closely with the existing residents still on the estate.”
The procurement process will close in autumn 2018 with a preferred bidder expected to be chosen by Newham mayor Sir Robin Wales and cabinet members at the end of the year.
Work is expected to start in 2020.
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