By Daniel Hunter

More than a thousand jobs and 500 new homes will be created in Lewisham through the redevelopment of the former Catford Greyhound Stadium, the Mayor of London Boris Johnson announced today (Tuesday).

The £117m redevelopment will bring 589 new homes to the 4.7 hectare site in the heart of Lewisham under a deal reached between the Mayor and developer Barratt London. When finished, this will include 113 affordable rent properties which will be managed by Gallions Housing Association, 60 shared ownership properties and 416 properties for private ownership.

The publicly owned stadium has been released by the Mayor as part of his drive to unlock development on public sector owned land in order to increase housing supply for hard working Londoners and boost jobs and growth. It is amongst the first tranche of sites released by the Greater London Authority since it became one of the capital’s largest public land owners last year.

“London’s unbeatable allure means unprecedented demand for housing, and making public land available for development has a big part to play in meeting this," the Mayor of London, Boris Johnson, said.

"The transformation of Catford Dogs, which for the last decade has been left empty and unused, will not only bring hundreds of new homes to the heart of London, but will feed into the wider regeneration of Catford Town Centre making it an even better place to live and injecting a healthy new dose of jobs and growth into one of the capital’s key opportunity areas.”

The former dog track sits between two key transport hubs, Catford Bridge and Catford railway station, and when complete will also boast 508 sq m of retail space, 298 sq m of community space as well as landscaped links through the site to Ladywell Fields and Catford Town Centre. Work is expected to begin by early 2014 and the project is expected to be complete by 2017.

Join us on
Follow @freshbusiness