Peel Land & Property’s Chatham Waters scheme would turn a 26-acre brownfield site into a mixed use development incorporating offices, flats, houses and a supermarket.
Development director James Whittaker said: “We’re delighted that Medway Council has approved outline plans for Chatham Waters. It will regenerate and breathe new life into a significant area of the dockland and give the region a real economic boost. We will now evolve the plans further and continue to work with the Council and consult with the residents of Chatham to ensure we deliver a scheme the community is proud of. We will also start preparing detailed plans for the first phase and we hope to be start building on the site next year."
Outline planning consent follows two years of discussion with Medway Council.
Indigo Planning, Planit ie, Traffic Transport & Highway Consultancy and 5 Plus Architects are advising Peel on the scheme.
Indigo Planning director Bill Davidson said: “Peel’s Chatham Waters development has the potential to deliver 1.9 million sq ft of floorspace and over 3,500 new jobs. This decision paves the way for very significant employment-led regeneration and about £650m of private investment in the area.
"In addition to the employment core, the development offers conference and event facilities, retail and leisure opportunities, and new riverside homes. Overall, it will bring a huge boost to the local economy and echo the success Peel has achieved with its regeneration projects in other parts of the UK.”