Out-Law / Your Daily Need-To-Know

Plans for £150m Lowestoft waterfront regeneration submitted

Out-Law News | 16 Jan 2014 | 2:11 pm |

Developer Cardy Construction has submitted a planning application to Waveney District Council for an 850-home scheme at the south bank of Lake Lothing in Suffolk's Lowestoft.

The proposals for the 18 hectare former industrial site also include the construction of 950,000 square feet of space for shops, a new marina building, a primary school and a wildlife visitor centre. Many of the new homes would be built on stilts to protect them from flooding.

“This proposal is a wonderful shot in the arm for Lowestoft and promises much needed affordable housing, jobs and a genuine attraction for visitors,” said Council leader Colin Law in a statement.

Subject to grant of planning permission, the developer said it hopes to start construction by the end of the year. It expects the scheme to take ten years to complete.