Sadiq Khan today set out his ambition for 50 per cent of new homes being built on a Transport for London site in northeast London to be affordable.
The capital’s transport agency has released a 1.8 acre site located on Forest Road, opposite the London Overground’s Blackhorse Road station, on which it plans to build approximately 350 new homes by 2022.
Currently used as a car park, the site is adjacent to several industrial spaces which are being redeveloped to provide around 1,700 new homes, plus new retail, commercial and leisure facilities.
James Murray, Deputy Mayor for Housing and Residential Development, said: “The Mayor is committed to making sure TfL land is fast-tracked for development, helping to raise revenue and build new homes.
“This site at Blackhorse Road gives us a great chance to build hundreds of homes right near a Tube station, including the genuinely affordable homes Londoners so urgently need.”
Graeme Craig, Director of Commercial Development for TfL, said: “We are delighted to have the opportunity to transform this site with a joint venture partner into hundreds of new homes for Londoners and vital revenues to reinvest in transport.
“This site is uniquely located at the centre of what is quickly becoming a hub of new residential, leisure, retail and work spaces, expanding pedestrian connectivity and vibrant community activity in the area.”