New Cross Scheme Back On?

As mentioned here before, the plan to build a new health centre and library in Briant Street, New Cross, ground to a halt when the original developer pulled out as the credit crunch took hold. Now it looks like it may be back on. According to Construction News today: 'Developer Building Better Health has been announced as preferred bidder for a £35 million development in New Cross Gate... A landmark development, it has been awarded by the New Cross Gate Trust on behalf of New Cross Gate New Deal for Communities, the area based regeneration partnership. Once completed, it will be home to a new health centre, a pharmacy, fitness facility, library, cafe, internet facilities, crèche, community space, retail spaces and 170 residential units. Designed by architects Fielden Clegg Bradley, the project features in the Mayor of London’s 100 Public Spaces programme'.

Building Better Health is a property development company whose shareholders include Alliance & Leicester, Allied Irish Bank and Meridiam Infrastructure. So presumably the progress of this project is still dependent on whether, as some predict, a second wave of the banking crisis is on the horizon.