Property developer Lend Lease has sought a planning approval from Southwark Council in the UK for the second phase of construction of its £1.5bn regeneration of Elephant & Castle in London.
Under the second phase, the company is planning to build 593 homes and develop 3,990m² of retail space at Elephant Park.
Stage two, named West Grove, will be designed by Allford Hall Monaghan Morris (AHMM) and Panter Hudspith Architects (PHA). Construction works on West Grove is expected to begin on the demolished Heygate Estate site in spring this year.
In addition to homes and retail space, a 31-storey tower is also included in the master plan.
The homes at West Grove will be one to three-bedroom houses with their own private terraces, in buildings ranging from five to 31-storeys high, with ample space for playing and gardens.
The retail space will include retail stores, restaurants, high street stores and a new anchor foodstore.
Lend Lease Elephant & Castle project director Rob Heasman said: "The submission of the second phase for planning marks an exciting step in the regeneration of Elephant & Castle.
"Thus far we have seen a high level of interest for the first phase of homes which will be some of the most energy-efficient available in London. The retail component then marks a critical contribution to the area's regeneration and the recreation of the high street.
"We look forward to working with Southwark Council to deliver this as well as the much-needed new homes and park spaces."
Lend Lease is already developing the first two residential towers under the first phase of the project, namely One The Elephant, a 37-storey tower comprising 284 new homes, and 235-unit Trafalgar Place.
By 2025, Lend Lease is expected to create around 3,000 new homes and 160,000ft² of retail space under the Elephant & Castle regeneration scheme in London.
Image: An artist's impression of the mixed-use development plan at Elephant Park in London. Photo: courtesy of Elephant & Castle / Lend Lease.