Earlier this week the planning application for Streatham Megabowl was approved by Lambeth’s planning committee.
The decision clears the way for the removal of an eyesore that has blighted Streatham High Road for years.
The scheme is a huge improvement on the plans submitted five years ago.
Despite the loss of £4.2m in grant funding, it will still deliver much needed affordable housing and the quality and layout of the accommodation is better too. The number of socially rented units has increased from 30 in the original application to 37 now and the number of three and four bed socially rented units has increased from five to eight.
As well as new housing the agreement reached with the developers also brings a number of other benefits, including funding for children’s play, libraries, sports & leisure and parks & open space.
A new community theatre will also open its doors, in a standalone location on the corner of Blairderry Road and Sternhold Avenue.
At last night’s meeting the developers provided an update on the retail space at the site, with the project manager revealing that they were in talks with two or three retailers including one that doesn’t currently have a presence in Streatham.
Lambeth Labour stood on an election pledge to get rid of the derelict Megabowl and this decision means we can now look forward to the transformation of the site into something residents can be proud of.