Countryside Properties has been selected as the preferred developer for a £100m mixed-use development in Chatham, Medway.
Comprising a proposed 411 residential units and 33,500 sq ft of commercial space, the development will aim to create a sustainable environment across 20 acres.
The commercial element of the scheme is proposed to include 26,000 sq ft of business space and 2,000 sq ft of retail space, as well as 5,400 sq ft of nursery/community uses.
The development will be located on the site of the existing Mid Kent College, which will be relocating to a new facility, currently under construction, in Gillingham. Vacant possession and completion of the new College is expected in late 2009 and, subject to Section 106 approval, a start on site at Horsted is expected in early 2010.
Tony Travers, Subsidiary Managing Director of Countryside Properties, said: ‘Countryside Properties and our partners SEEDA were the first to invest in the regeneration of the Medway Towns at Chatham Maritime which has spearheaded the renaissance of the area. Horsted represents a further strategic investment in the future of the Medway Towns and the wider Thames Gateway where we are a key developer.’