150 High Street

Red Loft has been appointed client side project managers to act for Genesis on 150 High Street, Stratford (Kessler site) opposite the Olympic Park. Our brief was to conclude negotiations with the vendor and work with them to achieve a satisfactory planning consent. In parallel we were tasked with finding a suitable construction partner to build out this £140 million plus development.

Planning approval has now been granted to develop over 650 homes adjacent to the 2012 Olympic site in Stratford, East London, by a combination of Newham Council and London and Thames Gateway Development Corporation.

The site on Stratford High Street, one of Genesis’ biggest-ever land acquisitions, will include several residential blocks including a 42 storey tower as well as commercial and retail units and a hotel. 35% of the homes will be affordable, including social rent and shared ownership.

The Greater London Authority’s stage II report said that the scheme “has the potential to deliver significant new employment while also delivering a large number of new homes in this highly accessible location.”

Steve Coleman, Genesis Group Development Director said, “We are very excited to be able to focus on developing this site. The homes will contribute towards reducing the housing shortage in London and will have a positive economic impact on the area.

“This housing development, comprising large and small properties, provides opportunities for a wide range of uses in a high quality environment. With a predominance of residential properties – including affordable homes – complementary features include a hotel, restaurant and affordable work space. This mix of tenures will attract a wide range of people to the area, helping to create a strong, sustainable community.”