Plans for the north-eastern site include the construction of 505 new homes of mixed tenure
Barnet Council is seeking a joint venture partner for the regeneration of the north-eastern part of the Grahame Park Estate in Colindale, north London worth 拢145m.
The project involves the demolition of an existing estate of 290 homes and the construction on the site of 505 homes.
The Grahame Park Estate was built in the 1960s and 1970s and a first phase Notting Hill Genesis redevelopment on the site, containing 685 homes, has already been built.
Work is ongoing on a 2,088-home masterplan for the southern part of the site which was green lit by planners in 2020.
For the north eastern regeneration project, Barnet Homes, the local authority鈥檚 housing arm, is seeking a private sector residential developer for a 50/50 joint venture.
The aim is to bring the regeneration forward to save an estimated 拢650,000 in maintenance on the existing part of the estate.
The mixed tenure scheme will deliver 50:50 affordable housing including social rent. It will include commercial and community buildings as well as landscaping and play areas.
Existing residents will have priority for the replacement of social rent homes.
鈥淭he partner will work collaboratively across all elements of design, planning and construction to deliver high quality, private sale and affordable residential development, a new community centre and financial returns,鈥� according to the
Once selected, the partner will work with Barnet on pre-construction and construction of the first phase, with the opportunity of a second phase of development estimated at 拢125m.
Barnet says it might also offer further partnership opportunities in the borough, including the regeneration of Silk House and Shoelands Court estates.
The project will use a 拢22.4m Greater London Authority grant.
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