In the first phase, Hyde will create 718 high quality and energy-efficient new homes, as well as commercial units at Herringham Road and New Lydenburg Street with completions expected in 2026. Two hundred and sixty-three of the homes in the first phase will be set at London Affordable Rent rates for local people on the housing waiting list who need a home of their own. One hundred and thirty-three will be for shared ownership and 322 will be for private sale.
In addition to creating these much-needed new homes, we will also be contributing to new bus services and new roads to support the infrastructure in the borough.
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Hyde has also been given outline permission for a further 494 homes to be delivered in a future phase. Funding of £22 million will support the creation of the affordable homes at the development.
Jaime Buckley, Land and Planning Director at the Hyde Group said: "We have very carefully considered the impact of the existing industrial units neighbouring the site and we will provide mitigation measures to five private sale homes to ensure they are protected.
"While we have taken measures to ensure that these future homeowners are not adversely affected by the nearby industrial activities, it has been crucial for us that we celebrate the heritage of this important area in our designs.
"We've been working very hard on bringing desperately needed housing to this area, and to Greenwich, over the last few years and I'm thrilled that we have the council behind us to deliver this vital new development. I'm confident that it will create a thriving, desirable community for many people for years to come and will be a catalyst for further development in the area."
