Cabinet members approved a scheme to spend up to £91.5 million on constructing 179 new homes on vacant land in Bridge Road, next to Stratford High Street DLR station. Initially, 65 homes were meant for social rent, but this has been reduced to 45 due to increased building costs indicated by the developer Hollybrook. The project, which addresses a long-standing need for housing, will transform land that has been vacant for over 20 years into high-rise buildings, with a budget increment resulting from reassessed costs.
Cabinet members approved a scheme to spend up to £91.5 million on building 179 new homes in Bridge Road, reducing social rent homes to 45.
The development includes high-rise buildings on vacant land that has been unused for over 20 years, with ownership split between the council and private landowners.
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