Lewisham Gateway Developments Ltd (LGDL), a wholly-owned subsidiary of Muse Developments, has started work on site to deliver one of the largest regeneration projects in south east London, Lewisham Gateway.
The work marks the start of a £230 million partnership investment in Lewisham town centre that will bring significant benefits to local traders, residents and the building industry.
In total, the scheme will deliver in excess of 700 new homes, 65,000 sq ft of retail, restaurants and commercial space, a major new urban park with enhanced waterways as a focal point, extensive public realm along with improved bus, taxi and cycling facilities.
The development is a partnership between Muse and the London Borough of Lewisham, the Mayor of London and Transport for London.
The Homes and Communities Agency are also making a substantial financial contribution to the project to assist with the cost of the major infrastructure investment being undertaken and secure the delivery of much needed homes.
Located in Lewisham town centre, the site is currently dominated by a large and widely unpopular roundabout, which cuts off the town centre from Lewisham DLR and railway stations.
Lewisham Gateway will replace this outdated layout with a newly configured road system that will enable a previously traffic dominated environment to accommodate stunning new buildings, an urban park and new shop-lined pedestrian walkways.
LGDL has started work on the first phase, which includes the new park, Confluence Place, and the project’s first two buildings, which will deliver 193 new homes. A proportion of the new homes in the initial phase of the development will be owned and managed by specialist private rental investor, Fizzy Living.