The 90-acre site will feature approximately 3,600 new homes, a one million square foot new employment zone which will create in excess of 2,000 new jobs as well as new vibrant, green open and community spaces equating to approximately 35 acres and much improved connectivity for neighbouring areas, creating a waterfront destination fit for the future.
Peel L&P has been investing in Medway for over a decade at its Chatham Waters development. Since 2011, Peel L&P has invested £125 million in the redevelopment of the brownfield site, creating around 750 full time jobs and 400 new homes, with a further 550 to be built over the next four years including 237 affordable homes and a new care home as well as an Asda grocery store and petrol station, Waterfront UTC, and Mast & Rigging pub and restaurant. There is a further £350 million to be invested over the next four years in Chatham Waters specifically on green community areas and an events zone.
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James Whittaker, Executive Director of Development at Peel L&P said: "Medway is bursting with opportunity and Chatham Waters is well placed to help deliver more jobs, improve the environment and connectivity to the river and public transport creating a community that meets the needs of Chatham residents. The vision is for a mixed-use sustainable community with a large employment area focusing on the digital, creative and health sectors along with a mix of homes including affordable homes, family housing, build to rent, open market and elderly living. The waterfront is a beautiful place, we have the chance to maximise this and create a community benefit that means all can enjoy the health and wellbeing advantages associated with this."
Chatham Waters is one of Peel L&P's seven waterfront regeneration schemes across England and Scotland under its newly named Peel Waters portfolio with 30,000 homes and 10 million sq ft of commercial space and around 160 acres of public realm in the development pipeline over the next 20 to 25 years.
