The project is sited next to Mudchute station on the Docklands Light Railway and will accommodate 23,225 m2 of space for the supermarket chain. Residential space will consist of 600 apartments above the supermarket, 35% of which are to be affordable.
The scheme is likely to cost between £120m and £150m, and is being developed by Asda. It marks one of the first examples of the growing trend to form mixed-use communities around good transport links and shopping.
Paul Newman, Aukett managing director, said the residential component above the supermarket would be level with the raised Mudchute Park behind the site.
The scheme is part of a growing trend to form mixed-use communities around good transport links and shopping
Idea Stores were launched by the government in 1999, the concept being to use retail and marketing techniques to popularise libraries. A store has already opened in Whitechapel and more are planned for Poplar, Bethnal Green, Watney Market and Canary Wharf.
Aukett has also masterplanned 126 ha in the centre of Gateshead, Tyne and Wear. Development agency The English Cities Fund and Gateshead council have joined forces to produce a vision for the area, which could lead to 18-storey towers in the North-eastern town.