The first homes are set to be released for sale in October at a development on a former builders’ merchants site in Stoke Newington.
Fairview New Homes is regenerating the brownfield site on Crossway to create Essence, its development of 54 apartments.
Jim Holliday, Sales and Marketing Director for Fairview, said: “This piece of brownfield land was cleared around 6 months ago, following the departure of the builders’ merchants, and now work on Essence is well underway.
“We are now looking ahead to October, when we are set to release the first homes for sale and open the doors to our on-site marketing suite.
“Our first residents will then start moving into their new homes at Essence before the end of the year.”
Essence will comprise a mix of 1, 2 and 3-bedroom apartments and a commercial unit, which is where Fairview’s sales team will be based.
As part of the development of Essence, Fairview will make community contributions totalling more than £1.1m.
Contributions include a sum of £841,521 for education, transport, community facilities and open space.
A further £162,575 is to be used for the Crossrail project, and more than £100,000 will go towards employment, training and highway works.
Of the 54 apartments being built, 38 will be sold on the open market, while 16 will be made available as affordable homes.