A £400 million project to deliver 1,400 homes and 1,200 sq ft of commercial space in Rochester, Kent, will help to transform a former industrial area.
The development along the Medway in Rochester, just 30 minutes by train from Central London, will begin later in 2017 and is expected to bring hundreds of new jobs to the area.
“Rochester Riverside is a significant development in the regeneration of Medway,” said councillor Alan Jarrett, leader of Medway Council.
An initial phase of 489 homes and a hotel will start construction, with the first properties completed in 2019, according to the developers. The complete scheme will take 12 years and will “create a new community at the heart of Medway’s regeneration,” stated a report.
Alongside residential development, Rochester Riverside plans to include a primary school, nursery, hotel and a pedestrian bridge, along with 10 acres of new open recreational space.
Rochester Riverside is the flagship programme in Medway Council’s regeneration plan, together with the Homes and Communities Agency, as it seeks to attract £1 billion in private sector investment over the next 14 years.
GRE Assets has a major residential project in Ashford, Kent
