Proposals to demolish parts of Kingsland Shopping Centre for the construction of four tower blocks have met significant opposition from local residents and activists. Real estate firm Criterion Capital has submitted a planning application to replace the eastern section of the shopping centre with 254 homes and commercial spaces. However, the development does not comply with Hackney Council’s affordable housing policy, which requires at least 50% of new units to be affordable. Criterion argues that fulfilling these requirements would undermine their financial viability, leading to widespread concerns that the project does not address the borough's housing needs effectively.
The proposed demolition of parts of Kingsland Shopping Centre for new tower blocks has ignited backlash over insufficient affordable housing provisions, contradicting local mandates.
Despite potential benefits, including 254 new homes, local residents are alarmed due to Criterion Capital Ltd's failure to meet Hackney Council's affordable housing targets.
#kingsland-shopping-centre #affordable-housing #urban-development #hackney-council #community-opposition
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