Large Scale, Mixed Use, Development and Regeneration – Current Project
The regeneration of Chrisp Street Market, Poplar, E14
Client: Chrisp Street Developments Ltd a wholly owned subsidiary of Telford Homes.
Stakeholders: Poplar HARCA, London Borough of Tower Hamlets, multiple traders such as Coop, Iceland, Boots, The Post Office, and numerous independent businesses and traders.
Scale: detailed planning submitted for 650 homes above circa 200,000 sq. ft. of predominantly retail and leisure commercial space, an improved covered street market together with major public realm and community facility improvements.
What we envision:
A vibrant authentic east London town centre for Poplar, the Isle of Dogs and surrounding catchment.
What we have revealed so far:
A loyal catchment within a 15-minute walk that will grow and diversify to over 100,000 by 2020
The strategy for the new town centre offer to draw from a current catchment of ?-? from a 15-20 minute public transport journey
The business and investment cases for the commercial strategy and associated investment.
What we have delivered so far:
Support of most existing businesses and traders including heads of terms with many to relocate or enable improvements to their existing premises
The freehold ownerships of the key parts of the estate not owned by Poplar HARCA or the London Borough of Tower Hamlets.
With R&C established pre-let demand for the cinema and the supermarket anchors.
Investment and Benefits
Estimated value on completion £300m+
Business rates generation £ over seven figures to be assessed
Development management pre-construction encompassing
• Site assembly
• Full engagement with existing multiple occupiers
• Briefings to and input into the scheme design development