Lend Lease has submitted a planning application to the London Borough of Southwark in the UK for the first phase of the proposed £1.5bn regeneration of the Elephant and Castle area in south London.
The first phase of the Elephant and Castle regeneration scheme will feature 235 new homes on a 1.1ha site out of which about 25% will be built as affordable homes.
Phase one is planned to include eight new residential buildings which would feature a range of new homes, including studios apartments to four bedroom houses.
Under the plans, the homes will be developed within a variety of landscaped habitat areas which feature a woodland walk, a rain pool, wetland feature, a garden square and outdoor cafe space.
The development will also feature a new tree-lined pedestrian street to improve pedestrian and cycle connections in the area.
Lend Lease project director for Elephant and Castle Rob Deck said, "We have a 15-year development plan for the Elephant and Castle and we’re committed to creating a healthy and thriving urban quarter that enriches and integrates with the surrounding well-established neighbourhood."
The council is expected to take a decision on the planning application by the end of 2012, which would allow Lend Lease to begin work on the homes in 2013 and finish by 2015.
In April 2012, Lend Lease submitted an outline planning application for the adjacent Heygate Estate masterplan, which will feature 2,800 homes.
In July 2012, Lend Lease submitted a planning application to the London Borough of Southwark to construct a 37-storey residential tower as part of its regeneration of Elephant and Castle.
Lend Lease, together with its partner London and Continental Railways, is also developing and building The International Quarter, a £1.3bn mixed use project in Stratford, east London.
Image: The first phase of the Elephant & Castle regeneration scheme will feature 235 new homes on a 1.1ha. Photo: Lend Lease.