The plans for the seven acre site, which has been vacant since 2008, include the construction of a 80,000 square feet food store, which DS said has been pre-let to Morrisons, as well as 183 new homes, 50,000 sq ft of retail and restaurant space, a new primary school and public realm. The scheme is expected to create over 700 new jobs.
The Council's planning officers said in the committee report (66-page / 983KB PDF) that the scheme could potentially have an adverse affect on the Burnt Oak district centre by diverting trade to the new site.
However, they said that this was outweighed by the benefits the scheme would provide, including the new school, which they said had been a "long standing objective" for the Council, as well as the contribution the new housing would make to meet targets in local policy and the London Plan.
“We are very pleased to have secured planning at 399 Edgware Road, a scheme that demonstrates our strategy of creating value through the regeneration of redundant and undervalued real estate," said DS CEO Michael Marx in a statement.
"It has been a priority for us for several years to unlock cash from our non-income producing legacy assets and the progress announced today is a significant step forward in this regard. We look forward to announcing positive news concerning the funding and delivery of this scheme in the near-term,” he said.
DS said construction on the site is expected to start in September.
