The site is currently partly owned by Waltham Forest Council and at a Cabinet meeting on Thursday 7 November it was agreed to spend up to £2.14 million to buy the adjacent properties of 12 Palmerston Road and 1 Osborne Mews.
The Council land currently provides storage space for a small number of market traders and a secured tenancy for a housing tenant at 2 Osborne Mews.
This acquisition, which is subject to contracts being finalised with the relevant landowners and tenants, will enable the Council to deliver a range of one, two and three bedroom apartments of both private and affordable tenure on the combined development site.
What is planned for the site?
- new homes, including 50 per cent genuinely affordable homes;
- high quality ground floor commercial and employment space
- rest room facilities for market traders
- a meeting room, offices and kitchen for the Council’s street trading team
Who will do the work?
No decision has yet been taken regarding who will develop the site.
What happens when?
The timetable for developing this site has yet to be agreed.
There will be engagement meetings for residents and businesses as the scheme progresses and these will be publicised using email newsletters, in particular for those street traders affected by the relocation of the storage space currently provided.
- Download the Walthamstow email newsletter 4 December 2020
- Download Walthamstow email newsletter 7 August 2020
- Download the Walthamstow email newsletter 20 February 2020
- Download the Walthamstow email newsletter 16 December 2019
- Download the Walthamstow email newsletter 27 November 2019
- Download the Walthamstow Town Centre email newsletter 20 November 2019
- Waltham Forest Council’s Head of Regeneration Delivery (Central), Zoë Sellers