£117M Campbell Wharf development officially underway
Construction of the £117 million Campbell Wharf development in Milton Keynes is officially underway, according to property developer Crest Nicholson.
383 new homes are being built at Campbell Wharf, with a narrowboat marina, public house, nursery and retail offering also under construction. Together, these new additions will transform a neglected area of Central Milton Keynes.
When complete, the developers will have delivered 332 one- and two-bedroom apartments and 51 three-, four- and five-bedroom houses. In order to meet local demand, 30% of these homes have been earmarked for shared ownership and affordable housing.
The 8.15 hectare site will also create a new marina along the banks of Grand Union Canal, providing 111 berths. The marina is expected to open in April 2019, while the first residential dwellings will be occupied in October 2019. It is thought that the development will be fully complete by 2023.
“We are pleased to have cemented our agreement with the Milton Keynes Development Partnership and look forward to working together on this significant development,” said Scott Black, Managing Director at Crest Nicholson.
“Once complete the scheme will provide a new gateway from the Canal to Central Milton Keynes and deliver much needed new homes to the area. We will continue to work closely with the Milton Keynes Development Partnership and other stakeholders throughout the building phase.”
Councillor Rob Middleton, the Cabinet Member responsible for Resources and Innovation, added: “I’d like to extend my thanks to the many local residents who took part in the public consultation. Encouragingly, support for the Campbell Wharf development was overwhelming. The new amenities and local facilities will be a valuable asset not just for Campbell Wharf’s new residents but also for the existing communities in and around the city centre too.”
Matthew Green, Property Development Director at Milton Keynes Development Partnership, concluded: “It is great to see this exciting project getting underway. It has been a long process to get to this point, but this flagship scheme will no doubt take shape rapidly from here, delivering a new community and amenities to Campbell Park, bringing activity and animation to the area.”
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