Edgware town centre will receive a major transformation with improved transport links.
Property developer Ballymore and Transport for London are working to deliver a reimagined town centre on Station Road, that will introduce new housing and bus station improvements.
The 7.5 acre Broadwalk Shopping Centre is said to be “key” to the regeneration, as the development will make it easier to travel around Edgware and accessing the main shopping and residential areas.
Ballymore has said that the regeneration could combat the “dilapidated” builds and anti-social behaviour seen after the high street suffered with shop closures.
John Mulryan, group managing director at Ballymore, said: “We have long been committed to partnerships, working successfully with organisations to create new homes and mixed-use communities across London.
“Edgware, with its amenities and public transport connections, is a town with huge potential, but the changing face of the high street requires a new approach.
“We are looking forward to collaborating with TfL and Barnet Council to deliver our shared vision of creating an outstanding place for modern urban living, with thriving commerce, new and integrated public spaces, improved connectivity and public transport, new leisure and cultural offerings and a variety of new homes.”
Since acquiring the site in 2020, Ballymore has held public consultations to gain an understanding on what residents hope and expect to see in the town centre.
Peter Elliott, head of property development at TfL, said: “We are delighted to be partnering with Ballymore and working with the local community to revitalise Edgware town centre.
“Together we will be delivering high-quality new homes and improved retail space alongside other benefits for the local community, including better transport facilities, public realm and community and leisure amenities.”
Stephen McDonald, director for growth at Barnet Council, added: “We are pleased to see this project take another step forward – a crucial part of the council’s overall plans to reinforce and enhance Edgware’s status as a major town centre to better serve the needs of those living and working here.”