First phase of 399 Edgware Road construction has completed, reports McLaren Construction.
Property regeneration specialist U+I has reached a significant milestone for its mixed-use project 399 Edgware Road with contractors McLaren, with the first phase of construction now complete. Once finished, the development will transform the formally derelict seven-acre site into a vibrant new space and community hub in North West London, whilst also creating an architectural landmark on Edgware road, setting a new benchmark for regeneration in the area.
The first phase of this £150 million project is anchored by an 80,000 sq. ft. foodstore which was pre-let to Morrisons. The remainder of phase one comprises 50,000 sq. ft. of retail and restaurant space and an extensive newly landscaped public realm. With the retail and restaurant space to be operated by leading Oriental and Far Eastern leisure companies, Loon Fung and Royal China Group, the development will deliver a dynamic new retail concept for the area.
The second phase of 399 Edgware Road will deliver over 180 new mid-market homes in partnership with L&Q, alongside space for Brent Council to build a new primary school and nursery.
Construction of phase two is due to start within the next month and complete in Q3 2018.
Matthew Weiner, CEO of U+I said: “Today’s announcement regarding one of our larger regeneration projects perfectly demonstrates our approach to mixed-use development. We have delivered significant value by transforming an overlooked but well-connected site in suburban London into a vibrant new community. The development of phase one of 399 Edgware Road has delivered a new retail destination for the local area and the second phase will add much needed homes and educational facilities, creating over 700 new jobs for Brent.”
Steve Hart, Managing Director of McLaren Construction – London said: “McLaren have delivered what will be an asset to Brent Council and the local community, and are pleased to have successfully completed a new retail destination as part of the first phase of significant regeneration in the area.”