Plans submitted for second development
by Natalie Vincent Wed 18 April 2018, 2:51 pm
The Chatham Waters regeneration project moved forward in March when developer Peel Land & Property submitted a planning application to Medway Council for a second housing development.
The project is set to deliver a further 193 homes comprising one-, two- and three- bed apartments for private market rent, with retail units at ground-floor level, enhanced with a waterfront boulevard and alfresco dining areas.
The planning application coincides with work starting on the first residential phase, a 14-storey block of 199 one, two and three-bedroom luxury apartments by award-winning X1 Developments at the 10.5-ha site.
Real estate investor Long Harbour is providing investment funding for the development, and will own the building once the scheme has been completed.
It also follow the success of a number of commercial projects at Chatham Waters including an Asda superstore, Medway University Technical College (UTC) and the recent completion of The Mast and Rigging, a Marston's family restaurant and pub.
Residential development director at Peel Land & Property, Neil Baumber, said: "We’re excited to be moving forward with our plans for the second residential scheme at Chatham Waters, as the stunning waterfront setting starts to take shape.
"Incorporating a truly spectacular waterside boulevard with unparalleled views across the Medway Estuary, giving the feel of a Mediterranean promenade, in one of the most picturesque locations in Kent, we’re expecting lots of interest in these latest residential plans."
In addition, Peel has invested more than £5 million in the scheme during the last year on infrastructure works including remediation, flood defenses, road improvements and servicing the remaining undeveloped land.