The plans to redevelop the Mall in the heart of Walthamstow were approved by Waltham Forest Council Planning Committee in December.
The decision was agreed by the Mayor of London in March 2018.
The development will bring significant investment and opportunity to businesses and residents alike.
It will bring £200 million of private investment, provide 8,000 sq metres of new retail space, 350 new permanent retail jobs, 500 new homes, a new children’s play area and re-landscaped town square.
New Shopping Mall
The Mall will bring 8,000 sq metres of new retail space
The new Mall will deliver shopping units designed for major retailers alongside small local independent stores.
Redeveloping the Mall will give residents the choice of shopping locally, rather than travelling to shopping areas in Stratford and further afield.
The plans for an increase in retail businesses at the Mall will create 350 new permanent jobs in the area.
Capital and Regional, which owns the Mall, has plans to build up to 502 new homes over the redeveloped Mall.
An increase in the level of affordable housing from 20% to 30% has been achieved following negotiations between the Greater London Authority, Waltham Forest Council and the developer.
An additional £7.3 million contribution from the development will be used to build new homes for affordable rent in Walthamstow, ensuring we deliver the Council’s priority of delivering truly affordable new homes.
The Council is looking at the potential for its housing development company Sixty Bricks to support delivery of the additional affordable rent homes linked to the Mall
First priority for all affordable homes built in the borough will go to residents.
New Town Square
The current Town Square is not fit for purpose. It is outdated, badly designed and a magnet for anti-social behaviour.
The new Town Square will have an increased number of trees and be designed to create a space better suited for outdoor events. Waltham Forest Council has agreed that for every tree removed from the site five more will be planted elsewhere in the Borough, to help the Council reach 50,000 trees in the borough.
The new children’s play area will be built taking in the views of the Kids Committee made up of local families in Walthamstow.
The scheme will create 350 new permanent retail jobs.
When construction is taking place there will be around 500 jobs created, including some apprenticeships.
Walthamstow Central Station
As part of the agreement to redevelop the Mall, Transport for London has also agreed to spend £15 million to improve Walthamstow Central Station by creating a new entrance that will increase accessibility and reduce overcrowding.
Disruption to the Mall and the Station
We expect both the shopping centre and the station to remain open during the development of these new facilities.
Closing them would involve huge disruption to many people. Although this presents challenges during construction, we are confident any disruption will be minimal.
Who is Capital and Regional?
Capital and Regional has owned the Mall shopping centre in Walthamstow for more than 20 years.
Waltham Forest Council’s Stakeholder Relations and Community Engagement Manager, Keith Brown