Schroders and Stanhope are to submit a planning application to Croydon Council in November for the remaining part of their Gateway site by East Croydon station.
The site, which includes the Dingwall Road multi-storey car park, will complete Schroders and Stanhope’s masterplan for the Gateway site, putting further pressure on the local council which has an outstanding development agreement in place with Gateway rival Arrowcroft.
The new plans include building another 261 homes, 50% of which will be affordable, together with restaurants, cafes and an extension of a park.
There will be two Foster & Partners-designed buildings of 13-storeys and six-storeys. The plans were presented to residents for consultation in Croydon last week.
Planning permission for the rest of the Gateway site was granted by the Secretary of State in June 2006. The existing planning consent includes 560 homes and 1m sq ft (929,022 sq m) of office space, including a 25-storey office building.
The first phase will include a 200,000 sq ft (18,580 sq m) office building and most of the park although may be extended to include two office buildings and two or all of the residential buildings.
Schroders and Stanhope hope to start on site at the beginning of 2007.
William Hill, head of property at Schroders, said: ‘Croydon Council recommended at the recent public inquiry that planning permission be granted and we look forward to working with them to help realise their ambitions and plans for the regeneration and renaissance of Croydon. Stanhope and Schroders own the land, we have the funding, and we are proceeding without any further delay.’