THE DEVELOPMENT of Stratford’s run-down former Cattle Market site has been given the green light.
Stratford District Council’s planning committee granted permission for the building of 189 one, two, three and four-bedroom homes – 58 of which will be available to buy on the open market, eight for shared ownership and 21 through affordable rent.
The remainder will include 102 independent living apartments – available for shared ownership and affordable rent – for those over the age of 55.
Orbit’s £40million plans will see the creation of 148 parking places, paths to the neighbouring station and nearby hospital as well as a play area, café, and shop.
Work on the new development, which will be known as Arden Quarter, is set to start in autumn with the homes expected to be completed by 2018/19.
Anthony Holt, head of development for Orbit Homes, said: “Having committed to investing £40million into the transformation of the former cattle market, this is a key development for us and we are incredibly excited to have been granted planning permission.
“Our vision for Arden Quarter is to offer a range of high-quality new homes in a great central location, which will meet the housing needs and aspirations of local people and create a community they are proud to live in.”
The major site has been subject to various planned developments over the course of the past 15 years – none of which came off.
Orbit Homes bought the land on Alcester Road last year from Redrow, who originally took over the site in 2007 but abandoned plans following a number of applications and appeals.
The site stood derelict following the market’s closure in 2001 until Redrow bought it for £9.1million in 2007 having secured permission to build 197 homes.
Their original plan included affordable homes and a £700,000 contribution to local services but the recession left the scheme economically unviable, and a revised application was rejected by Stratford District Council.