The Elephant Gets Its Jumbo Revamp ; Thousands of New Homes Are Launched This Week As the Elephant and Castle Revamp, Stalled by the Credit Crunch, Gets Back On Track. By David Spittles
Evening Standard - London › April 01, 2009
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Summary
THE billion-pound plans to recreate the Elephant and Castle as a blueprint for sophisticated inner-city living with thousands of new homes and a dynamic community life stalled dramatically when the recession hit. This week it was announced that it's back on track, as one of the most significant regeneration zones in Europe with 6,000 new homes, following a deal to finance the area's transport improvements.
Now that Transport for London has agreed to pay for an overhaul of the town centre's southern roundabout and busy gyratory system, Southwark council and development partner Lend Lease can go ahead with plans to transform the 170-acre zone.See the full content of this document
Extract
The Elephant Gets Its Jumbo Revamp ; Thousands of New Homes Are Launched This Week As the Elephant and Castle Revamp, Stalled by the Credit Crunch, Gets Back On Track. By David Spittles
Work will begin early next year (2010), by which time the area's first new residential skyscraper, Strata, will be nearing completion. Demolition of the sprawling Heygate council estate, where most of the new private homes will be located, will also be under way by then.
Waiting ...See the full content of this document
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