Crest Nicholson and partner BioRegional Quintain have been selected as the preferred developer for the £100m regeneration of Rochester Riverside in Kent.
Medway Council, announced the decision at the Thames Gateway Forum today, and said the joint venture would develop a first phase of 600 homes, of which a quarter will be affordable, on the 17acre site as well as parks, shops, offices and cafes.
The decision is subject to ratification by Medway Council in January.
The estimated construction cost is £108m and it plans to start on site in 2009. Crest Nicholson will carry out the development with landowners and project partners Medway Council, the South East England Development Agency (SEEDA).
The 74 acre Rochester Riverside scheme is one of the biggest brownfield regeneration sites in the Thames Gateway. Plans approved for the entire development include: up to 2,000 homes; retail and leisure space, hotels, offices and community facilities including a new river walk.