Rydon has been appointed to a £50m regeneration of a London estate under the first of a two-stage tender by the London Borough of Camden.
A fixed price will be submitted in January 2014 for the contract to rebuild the Bacton Low Rise estate in Gospel Oak, the first time the council has built new homes for rent in 20 years.
The existing estate will be demolished, making room for 290 new homes comprising 176 for private sale, 104 for affordable rent and 10 for shared ownership.
Other improvements include a new and altered public realm, landscaping, vehicular and pedestrian links as well as three new retail units.
Demolition will start in August with construction commencing at the end of 2013. Building work will be staged across three phases and constructed to Code for Sustainable Homes Level 4. The project is due for completion at the end of 2017.
Rydon Construction managing director Mark Mitchener said: “Our appointment to Bacton reflects Rydon’s reputation in the consultation, design and delivery of first-class community regeneration.
“Local residents have put an enormous amount of effort into the plans so it is particularly pleasing to be able to bring their vision to life, as well as delivering wider employment and training opportunities to the area over the coming years.”
The development falls within Camden’s community investment programme, a 15-year plan to invest in schools, homes and community facilities by redeveloping or selling buildings or land that are underused or expensive to maintain.
Other regeneration projects Rydon is working on include the £130m Packington Estate in Islington in a partnership with Hyde, replacing 538 structurally defective flats with 791 mixed-tenure houses and flats. In West Ealing, it is delivering 706 new homes in a partnership with A2Dominion at the £141m Green Man Lane regeneration.