Development will feature 197 homes, 40% of which will be affordable
Sheppard Robson’s designs for a £75m mixed-used development in north east London featuring nearly 200 homes has been given the go-ahead by Haringey council.
The proposed development on the site of an old department store building in Wood Green is for property investment firm Lazari Investments, owned by Cyprus-born billionaire Chris Lazari.
It will feature 197 homes – 40% of which will be affordable – as well as a Premier Inn hotel, shops and restaurants.
The architect said the affordable split will be 64% social rent and 36% London Living Rent.
The buildings will skirt a new public courtyard which Sheppard Robson said would connect the development to the surrounding area, including the south end of Wood Green High Road.
Dan Burr, a partner at Sheppard Robson, said: “There’s much discussion about the changing nature of the high street and how our town centres will be impacted by ‘big-box’ retail disappearing.
“This project shows how a ‘gap site’ left by a deep-plan, outmoded, department store building can be repurposed to be agile to the needs of the evolving community.”