The new mixed-use scheme, which represents a capital investment of over £65m, will include a 75,000 sq ft modern Morrisons foodstore, a further 30,000 sq ft of non-food retail units plus over 230 one to four bed apartments (over half of which will be affordable) located above the store.
The project will also feature a new community square, a green living wall and space for public art. The proposals include new pedestrian and cycle links to improve connections to the town centre together with significant contributions to local transport infrastructure, providing greater accessibility in and around the site for residents, visitors and local workers.
Andrew Telfer, chief executive officer at Willmott Dixon Regen, the Group’s specialist provider of development and investment in residential and mixed-tenure property, said: “We are joining forces with one of the UK’s biggest names in retail to create new homes and retail space that will attract more people to work and live in Walthamstow.
“This is a key part of our strategy to use our construction and development expertise to partner with a company like Morrisons with complementary skills that can make large mixed-use developments like this a reality.”
The South Grove scheme is in accordance with the London Plan, exceeding its requirements for carbon reduction by achieving a 25% reduction compared to 2010 Building Regulations. In addition to avoiding and reducing emissions, low or zero carbon energy systems, such as a combined heat and power system, will be introduced.