The London Legacy Development Corporation is gearing up to procure its next major project as part of its transformation of the Olympic Park.
Construction News understands the LLDC will begin engaging with contractors and developers on its Pudding Mill development next year.
The project is the latest in the LLDC’s pipeline, following on from Chobham Manor, which is being built by Taylor Wimpey and London & Quadrant and due to open later this year, and the East Wick and Sweetwater neighbourhoods, for which Balfour Beatty was appointed the preferred bidder in partnership with Places for People this month.
Pudding Mill is expected to be on a similar scale to East Wick and Sweetwater combined, which are set to deliver up to 1,500 homes by 2023, alongside retail and leisure facilities.
Of the 1,500 homes to be built at East Wick and Sweetwater, 30 per cent will be affordable and 500 homes will be for the private rented sector.
It is understood Pudding Mill will also have a sizeable proportion of PRS units.
The scheme will also include a large amount of light industry commercial space, as well as new nurseries and retail units.
Homes in the area will be a mixture of new and refurbished older buildings.
It is thought the LLDC will start soft market testing on the project next year.
Pudding Mill is one of five new neighbourhoods being built at the Olympic Park.
The fifth neighbourhood will be known as Marshgate Wharf, with the team set to announce the winners of the design competition for a separate development area, Olympicopolis, in May.
In total, the redevelopment of the Olympic Park is expected to deliver up to 7,000 homes once completed.