This revised approach ensures a greater emphasis on affordability, community benefits, and an improved urban environment.
The development will offer 48% affordable housing (measured by habitable rooms), with Clarion Housing Association (CHA) managing the new affordable homes and the London School of Economics & Political Science (LSE) operating the 35% affordable PBSA student units under an overall 51% nominations agreement. The student accommodation will enable and assure the delivery of social rent housing.
The scheme proposed by CCP Pepper in partnership with Faraday Ventures offers the following key benefits:
- Providing 62 new social rent C3 affordable homes, of which a large number would be family units.
- Providing 918 PBSA beds which would be operated by the London School of Economics & Political Science (LSE)
- Reduction of scheme height with residential units delivered across three buildings ranging from ground + 13-27 storeys
- Creating over 150 sqm of community space
- Delivery of over 800 sqm of new quality play space with dedicated spaces for younger children and teenagers accessible to the wider community
- Creating over 3,000 sqm of new public realm including improvements to widen Pepper Street, creating two major areas of open spaces linking across Pepper Street and improving the linkages with the Docks.
- Enhanced cycle routes and safer, more accessible pedestrian thoroughfare improving connectivity in the area
- Overall, the scheme would deliver 48% affordable housing by habitable rooms across the totality of the housing provided.
- Excellent sustainability credentials minimising CO2 emissions by re-using existing structures and building for durability and adaptability
- A package of CIL and S.106 payments to fund a wide range of necessary infrastructure required locally and borough-wide that could be used to improve local education, transport and health assets.
We would be delighted to hear your views about our proposals and there is a feedback form in the Feedback section.