The long-dormant Silvertown site is set to welcome its first residents in decades as part of its massive transformation project.
This once-neglected area, which lay derelict for more than 40 years, will be transformed into a total of almost 7,000 homes, including ‘affordable’ housing.
The approved masterplan for the new neighbourhood also features shops, restaurants, and cultural venues.
The first phase of development is seeing the creation of 1,032 homes, with more than half designated as ‘affordable’ housing.
Residents are anticipated to move into these homes early in the new year.
Development director for Lendlease, Jess Wallis, said: “This is an exciting moment for Silvertown.
“The first homes are ready, new residents are moving in, and the new cycle bridge will make it easier for everyone, new and long-standing residents alike, to connect with the wider city.
“From the beginning, we’ve focused on delivering affordable homes early and making sure local people feel the benefits right away.
“Silvertown’s future is being built with and for the local community.”
A pedestrian and cycle bridge across Royal Victoria Dock is also set to be constructed.
This bridge will connect Silvertown with Custom House station and the Elizabeth line.
The project has gained another boost with a £233 million infrastructure loan from Homes England to unlock the site’s full potential.
London’s deputy mayor for housing and residential development, Tom Copley, said: “The Silvertown site lay derelict for 40 years, evading attempts by successive governments and mayors to regenerate it.
“It is now set to become a thriving new neighbourhood in the heart of the Royal Docks and I am delighted that Newham Council has approved the masterplan – a key moment as we look to deliver this exciting scheme.”
