Craig Marks’ Menta has submitted a planning application to Croydon Borough Council for its £500m, residential-led mixed-use scheme on Cherry Orchard Road next to East Croydon station.
The developer has secured part of the funding from the Royal Bank of Scotland and hopes to get planning consent by early 2009.
The scheme, designed by Ken Shuttleworth’s Make, comprises four towers between two and 45 storeys with 1,042 homes, 500,000 sq ft of offices and retail space and a public square.
Its section 106 commitments include affordable homes above Royal Mail’s new sorting office on the site of Cherryfield Meat Packers Yard, and a sports facility on the rooftop.
The development of the six-acre site will be phased with the Royal Mail sorting office completed first to allow it to relocate from its existing building which is currently on the site proposed for the office tower. The residential and commercial elements will follow.
The developer has made provisions to include a link to the station, a new station plaza and a transport interchange for a time when Network Rail confirms its plans to redevelop East Croydon station.
The scheme is across the road from Stanhope and Schroders 1m sq ft, office-led, mixed-use scheme, Ruskin Square, which is now the preferred scheme to regenerate the Croydon Gateway site.
Menta was founded seven years ago.