Rydon has been appointed by the London Borough of Camden for the regeneration of the Bacton Low Rise estate in Gospel Oak for the first stage of a two-stage tender process, which will culminated in a fixed price being submitted in January 2014.
The £50m redevelopment involves the full demolition of the estate, which suffers from inefficient design and is in poor condition, making way for 290 new homes comprising 176 for open market sale, 104 for affordable rent and 10 for shared ownership.
Other improvements include a new and altered public realm, landscaping, vehicular and pedestrian links as well as three new retail units.
Demolition started in August with construction commencing at the end of 2013, which will be staged across three phases and built to Code for Sustainable Homes Level 4. The project is due for completion at the end of 2017.
Bacton Low Rise Tenants and Residents Association has led the redevelopment since 2011 and worked with the council to select the architect for the initial designs.
The development falls within Camden’s Community Investment Programme (CIP), a 15-year plan to invest in schools, homes and community facilities by redeveloping or selling buildings or land that are underused or expensive to maintain.
Cabinet Member for Housing Cllr Julian Fulbrook said, “This is a huge step in the regeneration of Gospel Oak, as this is the first time we have been able to build new council homes for rent for nearly 20 years.”