The £500m scheme includes 350 new homes – 170 of which will be affordable
Camden Council has launched a search for a development partner for a mixed-use scheme across two sites close to King’s Cross. The redevelopment includes 350 new homes, of which 170 will be affordable.
Under the proposals, the appointed development partner will work collaboratively with the Council on a planning application covering both sites – Cedar Way Industrial Estate (2.37 acres) and Camley Street (1.19 acres).
Once planning has been secured and relevant conditions met, the development partner will acquire the Cedar Way site on a 250-year leasehold to develop affordable homes, private residential units and commercial space.
The Council will directly develop the affordable housing and commercial space on the Camley Street site.
Neil Vokes, director of development at Camden Council, said the scheme has the potential to set the standard for social value, active sustainability and lasting ideas: “This is best done in partnership with a developer prepared to align to the values we attach to our stewardship of places, people and development.”
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