THE FUTURE of the former Cattle Market site in Stratford is being considered by its new owners.
Orbit Homes recently bought the land on Alcester Road from Redrow after the developer abandoned plans following a number of applications and appeals after buying the site in 2007.
The land, located next to the town’s railway station, has stood derelict since the market’s closure in 2001.
Chris Jones, Orbit Homes’ development director, said: “We’re delighted to have acquired this site. Orbit already owns and manages a significant number of homes within the area, so we’re keen to build on that and deliver the homes the community desperately needs.
“The site already has planning for more than 200 homes – at this point we’re reviewing these plans to ensure they meet local housing demand as effectively as possible. Once a decision has been made, we’ll be consulting with interested parties to invite comments and feedback on the proposals.”
Redrow purchased the site for £9.1 million in 2007 having secured permission to build 197 homes. This original plan included 59 affordable homes and £700,000 contributions to local services.
But as a result of the recession, the scheme became economically unviable. In the revised application – which comprised four blocks of mostly two bed flats – the number of affordable units was reduced to 18 and all service contributions were removed. It prompted Stratford District Council to reject the application.
But planning permission was finally granted two years ago for the building of 214 homes and 14 commercial units.
Orbit specialise in the supply of affordable housing.