A huge transformation project in Barking will see the east London town become an “urban village” with more than 1,000 new homes.
Housebuilder Weston Homes has agreed with Estates & Agency Properties to acquire two neighbouring land sites, extending to six acres, on the edge of Barking Town Centre at Abbey Road.
Forming the majority part of the former Abbey Retail Park, the housebuilder envisages the creation of a £300 million waterfront development that is expected to deliver in excess of 1,000 homes through a mixture of tenures.
The proposals will also include the transformation of the riverside and the provision of a range of community based activities including a new riverside gastro-pub/restaurant and retail space.
The redeveloped site will have a waterfront promenade, pedestrian pathways and landscaped grounds.
Weston Homes intends to submit a full planning application in the summer of 2018.
The application will be one of the largest submitted to Be First, London Borough of Barking & Dagenham’s pioneering urban regeneration company.
Bob Weston, chairman and chief executive of Weston Homes, said the regeneration forms part of the borough council’s vision of bringing aspirational waterfront living and regeneration to Barking.
“Attracting new people and inward investment, this new residential destination for Barking will provide private sale homes and much needed affordable housing for local people and families on lower household incomes,” he added.
The Abbey Retail Park site falls within the Barking Town Centre Action Plan and is identified in the London Riverside Opportunity Area Planning Framework plans.