The Stonehill site had the potential to provide 2,200 new homes, officials said
Enfield Council has expanded the area covered by its vast Meridian Water regeneration programme following the acquisition of 32 acre Stonehill and Hastingwood sites for an unspecified amount.
The council said the Stonehill site, located in the eastern part of Meridian Water, had the potential to provide 2,200 new homes, plus new office and retail space, and could create up to 2,000 new jobs.
The purchase increases the council owned-share of the developable area, which is located in Edmonton to the south of the A406 North Circular Road and currently mainly consists of retail warehouses, to 64%.
Construction work is expected to start next year at Willoughby Lane, following Greater London Authority approval for the first phase of the Meridian Water site to come forward, and once a detailed application is submitted by development partner, Barratt London.
The first phase will deliver 725 new homes alongside new public open spaces, shops and community facilities, plus a new railway station, which is already funded and being delivered by Network Rail.
By the end of Meridian Water’s 20-year delivery programme, it will have delivered 10,000 new homes, and nearly 7,000 new jobs, the council said.
Leader of Enfield council councillor Doug Taylor, said it had always been part of its plans to acquire the Stonehill site. “The completion of this deal reaffirms our commitment to deliver a truly special new piece of London that our residents and all Londoners can benefit from.
“Meridian Water will transform this part of the borough, bringing thousands of new jobs into the area alongside new homes and beautiful public spaces, connected to a new railway station which will open in 2019.”
Taylor said the council now owned around two thirds of the developable area at Meridian Water. The total Meridian Water regeneration area covers 210 acres, but this includes the rail lines, roads, waterways, green belt land and the current Tesco and Ikea stores.
The total developable area is 136 acres, with the council now owning 87 acres (64%).