Capital & Regional has submitted a planning application for a significant retail extension, residential development and new Town Square at The Mall Walthamstow.
Capital & Regional seeks consent for an 86,000 sq ft retail extension at the shopping centre to accommodate up to 12 new retailers and five food and beverage operators.
Additionally the company seeks outline planning consent for up to 460 new homes, to be delivered with a development partner. The homes would be located above The Mall in keeping with Waltham Forest’s policy of encouraging residential development in the town centre.
The plans show the redeveloped Mall within an enhanced two acre Town Square, which includes informal play facilities, sensory gardens, flexible events space and feature landscaping.
Capital & Regional is a long-term investor in Walthamstow, having acquired The Mall in 1997. In 2015 the company undertook a full refurbishment of shopping centre and has subsequently secured long-term commitments from a number of national brands including TK Maxx, Sports Direct, The Gym Group and Lidl.
Ken Ford, Executive Director at Capital & Regional, said: “We are excited to unveil our plans for Walthamstow town centre, which is emerging as one of London’s most vibrant neighbourhoods.
“Following the successful refurbishment of The Mall in 2015, we see huge potential to create an integrated destination comprising an enhanced retail and leisure offer and much needed new homes, all set in a remodelled public square adjacent to Walthamstow transport hub.
“We look forward to working with Waltham Forest Council, residents and the town’s existing retailers and business owners to bring these plans forward.”
Source: Capital & Regional