Our proposal is to create a thriving town centre - keeping the best of what’s here while providing an improved retail offering; more homes, including more social and affordable; more services and amenities and a greater focus on our heritage.

In July 2018, Tower Hamlets unanimously approved our regeneration plans for Chrisp Street Market. With Telford Homes, we’re building 649 new homes, new market and retail space. This 6 year scheme is expected to start on site by early 2021 and to be completed by the end of 2026.

Features of the scheme include:

New homes

  • 649 new homes: 163 social rent, 37 shared ownership and 443 private sale.
  • 35% increase in affordable homes, from 124 to 200.
  • The sale of the private homes will help fund the regeneration works.

Amenities

  • New cinema and restaurants
  • Two pocket parks
  • New Sure Start centre
  • New large community hub
  • Extended Idea Store
  • Restored and accessible Festival of Britain clock tower

Retail

  • Refurbishing current shops, building new and providing a larger market with new stalls and a new market canopy.
  • Supporting current traders to remain in the market, with no rent increases for shops during the refurbishment works and for 12 months afterwards. There will then be stepped increases based on affordability – with concessions available for up to a further 5 years.
  • Encouraging a mix of independent retailers, a new supermarket and some high street names.
“My family’s lived here overlooking the market for the last 40 odd years. We’ve seen the market from the heydays to what it is right now. It needs investment, we need development; the entire area needs to change. By the time the development is over, [HARCA] will have a lot more [properties] for local people.”

Local resident

3 5

35% increase in affordable homes

Thriving town centre with cinema & restuarants

Support & opportunities for new & existing businesses

Focus on heritage

New Sure Start centre & extended Idea Store

2 new pocket parks

Project Timeline

Design & Consultation

We are having conversations with local residents, businesses and the wider community to get their feedback, and initial designs ideas are being developed.

In Planning

A planning application has been submitted to the local authority to decide whether the scheme can go ahead.

Planning Approved

The planning application for this scheme has been approved by the local authority.

Procurement

Contractors and design teams are being selected.

On Site

Works are in progress.

Complete

Works are complete.