Eltham Grove Market Place to be demolished in summer

This Is Local London: An artist's impression of the proposal An artist's impression of the proposal

AN Eltham shopping arcade which has stood derelict for years should finally be demolished in the summer.

The Grove in Church Grove has dismayed residents by falling into disrepair as the saga over its much-delayed redevelopment rumbled on.

But now site owner Eltham Renaissance has signed a deal with Citygrove Securities to develop the £45m project.

Plans for the site include a supermarket and hotel run along with new homes, 20 per cent of which will be affordable.

Eltham Renaissance director Richard Upton said: "We acquired the Grove Market Place site just as the economy went into freefall in 2007.

"Since then we have been working very hard to secure a future for this important site in the heart of Eltham. The deal we have struck with Citygrove to take the scheme forward does just that.

"I am confident that the exciting future we planned for the site will now be delivered by a partner with considerable experience and commitment to Eltham’s town centre.

"It has been a somewhat painful experience for us to have to write off £7m value from our books, but, we move on and this is the right decision for Eltham."

Comments (2)

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11:18am Fri 1 Mar 13

simonwebb70 says...

Good for the area but shame about the 20%. Why should they benefit?
Good for the area but shame about the 20%. Why should they benefit? simonwebb70

2:55pm Fri 1 Mar 13

j.j. says...

I feel sorry for those who end up paying their hard earned cash for a flat in a "mixed development" like this. I've seen in Greenwich Peninsula what this means in practice: the people on the ground floor openly smoke dope, dump their rubbish on the pavement, verbally abuse others etc. while others are trying to lead a normal life. It's a nice idea, but those who are trying to do the right thing should not be forced into sponsoring the idle life of people who will make their life a misery. This is almost as bad as the kommunalkas in Soviet Union.
I feel sorry for those who end up paying their hard earned cash for a flat in a "mixed development" like this. I've seen in Greenwich Peninsula what this means in practice: the people on the ground floor openly smoke dope, dump their rubbish on the pavement, verbally abuse others etc. while others are trying to lead a normal life. It's a nice idea, but those who are trying to do the right thing should not be forced into sponsoring the idle life of people who will make their life a misery. This is almost as bad as the kommunalkas in Soviet Union. j.j.

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