Plans for the final phase of the Stratford Cross redevelopment were submitted towards the end of August. With designs by AHMM, the partnership between Lendlease and the Crown Estate would be the last part of the gateway to the Olympic Park. Let’s have a closer look at it here and why it is so fantastic for the area. Then, if you want to arrange guaranteed rent in Newham or other parts of London, you can rely on us.
History
Stratford is one of the best rags to riches stories. It was an agricultural community for centuries before the Industrial Revolution. Then it became a key centre for manufacturing, such as food and pharmaceuticals. Sadly, de-industrialisation caused significant decline. Reshaping the area, including massive regeneration as part of the 2012 London Olympics, brought it back. Now, it’s one of the most unique and exciting areas in the city.
Olympic Park has become one of the most amazing parts of Stratford. It leaves a lasting legacy for the Olympics, including a massive park as well as a sporting complex. The Stratford Cross project has a mixed-use masterplan to develop the land between the park and Westfield shopping centre. It’s creating a new neighbourhood including homes, workspace, education space, and more.
Final plans
The recent plans by AHMM are really interesting. They include four new blocks, with the tallest rising to 41 storeys. The project would provide 782 new homes (affordable and market rate), as well as student accommodation and co-living units. Ultimately, it would create nearly 2,000 homes. Speak to us about investments and guaranteed rent in Newham.
It isn’t just homes here though. The plans also include retail space on the ground floor of the buildings. Significantly, there will be a new public park and better routes for walking and cycling. The latter will ensure Stratford Cross connects neatly to Olympic Park, Stratford Station, and the wider area.
Critically, the project will continue to provide significant economic benefits for the area. Lendlease said the first phase has delivered opportunities like new jobs, training, and apprenticeships for over 7,700 local people. Overall, the total social value to date is almost £14m. This will increase in the final phase, reaching £18.4m across the whole development.
It now depends on Newham Council to consider the plans and then decide on them. If they give permission, the plan is for construction to begin in 2028. All being well, the forecast is it would take three years to complete.
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It’s fantastic to see Stratford’s change of fortune. It is now one of the most vibrant areas in East London. The ongoing development will improve this even more, making it a great place to live, learn, and work.
If you’re an investor, this is definitely part of London to keep an eye on. It’s an area where people want to live to be close to all the world class amenities. Key here are things like the fast connections green space, and incredible atmosphere. It can get busy though, so that’s important to keep in mind too.
If you do buy properties, you should speak to us about guaranteed rent in Newham. It’s fantastic for your finances and also takes away a lot of the responsibility. You can rely on us to help you make arrangements and get the best results.
