Page 30 - KPRM 2019

Kent County Council, Medway Council & Kent’s District Council Commentary
Infrastructure and Regeneration
Continued
Medway Development Company Projects
Medway Council has bold ambitions to regenerate and revitalise its urban areas and with a substantial land holding, it can positively contribute to this objective. Medway Council has therefore created Medway Development Company
Ltd. to deliver high quality developments and support its regeneration initiatives.
Chatham Waterfront
Planning permission has been granted to develop a high- quality, mixed-use development at the Chatham Waterfront site which will act as a driver for further regeneration in the area. The plans include 175 new homes, new commercial spaces for cafés, restaurants and offices alongside a new public realm to create a vibrant centre for Chatham.
Rochester Riverside
Following the start of construction last year, Rochester Riverside, Countryside and Hyde Housing Association’s £419m regeneration scheme on the banks of the River Medway is making swift progress, with the first residents having moved in during June 2019. A previously brownfield site, this exciting new riverside destination will provide 1,400 new homes, with 25% affordable, when fully complete in 2030. With the marketing suite, show flat and two show houses now open, sales are progressing strongly on the remaining homes in the first phases of the development. Rochester Riverside is also providing a range of community facilities, including a new primary school, retail space, a hotel and over ten acres of green, open space, helping to create a sustainable community at this landmark new development. These amenities are progressing quickly, with the new Travelodge hotel expected to complete in autumn and the first commercial occupiers, a high-street food retailer and coffee shop, moving into their premises in late autumn.
The newly regenerated salt marsh creek is now open to the
Proposal for Chatham Waterfront.
public, while construction on the Rochester Riverside primary school is expected to begin later this year.
Chatham Waters
A unique waterfront location on the site of a former historic naval dockyard in Kent, Peel Land & Property’s Chatham Waters boasts unparalleled views across the Medway Estuary but with just a 40-minute commute into Central London. Consisting of residential, commercial, retail, leisure and education, the dynamic 10.5ha (26-acre) destination includes a University Technical College, Marston’s family restaurant, Asda Superstore, plus green spaces and walkways where people can relax, socialise and unwind.
The £650m Chatham Waters masterplan has been carefully planned to ensure that the regeneration of this former brownfield site delivers a truly inspirational new destination. Peel L&P have worked closely with Medway Council to
ensure that Chatham Waters not only complements but enhances the surrounding area.
Peel L&P’s PRS (private rented sector) apartment scheme
is currently on site, forward funded by private equity firm Long Harbour, comprising 193 one, two and three-bedroom apartments over two interconnected blocks and linked
by ground floor retail units on the waterfront boulevard.
In the open market sale by X1 Developments, 199 apartments overlooking the Medway Estuary, topped out in August 2019.
The scheme has the potential to deliver circa 1.9 million ft2 of floorspace which is similar to the scale of Peel L&P’s MediaCityUK development in Salford Quays.
For more information:
www.medway.gov.uk
28 Kent Property Market Report 2019
PHOTO: GUY HOLLOWAY ARCHITECTS