Mayor Sadiq Khan has just set a goal for 50% of the new homes currently being developed in North East on a site of Transport for London to be cheap.
TfL has made available 1.8 acre of land is situated on Forest Road, on the other side of Overground’s Blackhorse Road station, where they propose to build around 350 new housing units by 2022. Utilized as a car park at the moment, the site is close to many industrial areas that are getting redeveloped to produce about 1,700 new housing units, together with new retail, leisure and commercial facilities.
According to James Murray, who is the Housing and Residential Development Deputy Mayor, “The Mayor is dedicated to ensuring that Tfl land is fast-tracked for development, aiding in revenue generation and construction of new homes. This site situated at Blackhorse Road provides us a great opportunity to build hundreds of houses very close to transportation, in addition to being genuinely cheap houses that Londoners needs so much at the moment”.
Tfl’s Director of Commercial Development, Graeme Craig said: “We are extremely pleased to have the chance to change this site with our partner into hundreds of housing units for Londoners and critical revenues to invest back into transportation. This site is distinctly situated right at the middle of what is quickly turning into a centre of new leisure, retail, residential and work spaces, broadening the pedestrian link and lively social activity in the neighbourhood.”