Spenhill, the wholly owned regeneration subsidiary of Tesco, has begun construction work on the first phase of a £105 million mixed use development scheme that will create two vibrant public spaces at the heart of a modern residential community in Higham’s Park, London.
The 11.2 acre regeneration scheme, designed by Collado Collins, combines much needed modern housing designed around a new public park and pedestrianised street to be called Lime Row. This new street will feature 10 new shops and cafes that will be anchored by a 37,000 sq ft Tesco store.
The final agreements on the section 106 have been ratified by Waltham Forest Borough Council, allowing construction of the first phase to begin. This will comprise 253 houses and apartments that will be arranged around one of London’s first “home-zones” – a shared surface area of streets and spaces. This first phase will accommodate 94 affordable housing units, including 15 family homes.
The mixed use development, which also incorporates new commercial and retail space alongside the Tesco store, is situated on the former C&A warehouse site in Higham’s Park. In accordance with the section 106 agreement, Tesco will invest over £2 million in the local community to provide new office space, business starter units, industrial workshops and a health centre. Around 525 jobs will be created as a result of the development.
Tony Fletcher, Regional Corporate Affairs Manager, from Tesco, told The Landscaper “Tesco’s investment in the Higham’s Park area will deliver much needed regeneration and attract more investment to the area through new retail and commercial employment opportunities. The scheme’s design will establish a new retail and leisure destination in the Higham’s Park area, all based around the new public areas, which will benefit shoppers and residents alike.”