Permission has been granted for an office conversion in Croydon that will create 420 new homes, of which 230 are destined for private sector rental. Work should start on site at the end of 2014, converting Taberner House into a 32 storey residential tower full of rental flats.
The project is being driven by the Croydon Council Urban Regeneration Vehicle, which has signed a deal with private developer Essential Living to buy and lease out the rental flats in the tower. A separate transaction will see lower level blocks adjacent to the tower developed by Places for People, which will create 220 homes for flexible tenure sale.
Jo Negrini, executive director of development and environment at Croydon Council welcomed the approval for the project. “This is a really exciting planning decision for Croydon and another high quality development for a prime site in our town centre – one that will provide much needed new housing with fantastic transportation links. This is another really important milestone for Croydon.”
Croydon is undergoing something of a makeover, with several of its tired 1960s office buildings undergoing transformation into residential use. A stand-off between rival developers over which retail scheme would proceed in the centre has also recently been settled, with Hammerson and Westfield now planning a major new shopping centre redevelopment.
CCURV has already made headway in the area, having started three previous redevelopment schemes. Founded in 2008, it has developed Bernard Weatherill House, the council’s new offices, which were completed in 2013; handled the Waddon leisure and housing project; and is working to redevelop the Lion Green car park site for foodstore and community use.