Development Securities has submitted a planning application to Brent Council in the UK for a £200m mixed-use regeneration scheme on Edgware Road in Brent, North West London.
The seven-acre derelict Oriental City site will be redeveloped into 398,000ft² of retail and residential space featuring 223 apartments and townhouses, an 80,000 ft² Morrisons supermarket and additional retail facilities.
The new nine-storey building would house a 636-seat food court, a 270-seat restaurant, 14 food court outlets and 15 shops.
Development Securities executive director Matthew Weiner said, "The submission of our planning application represents a critical step in transforming this long-derelict site into a vibrant new mixed-used scheme that significantly benefits the local area."
The new homes include 83 one-bedroom apartments, 61 two-bedroom apartments, 64 three-bedroom apartments and 15 four-bedroom apartments.
A residential parking area will be created for the new homes, located below the residential part of the site and separated from the retail car park.
The development will also feature a pedestrian central avenue of townhouses with gardens and a children’s play area.
About 581 car parking spaces will be available for homeowners, tenants and shoppers visiting the complex.
Development Securities purchased the site in 2005 and secured planning consent for a mixed-use, retail and residential-led redevelopment of nearly 1 million ft².
Redevelopment work is expected to start in 2013, subject to Brent Council granting planning permission, with Morrisons and the oriental and far eastern food court expected to open in 2014.
A new 359-space car park will be situated below the Morrisons food store.
The residential element of the scheme will be delivered in phases, with the first units scheduled to be completed by 2016.