16 June 2016
Meadow unveils plans for major redevelopment of Mill Hill retail park
Meadow Partners has revealed plans to redevelop a north London retail park into a mixed-use scheme featuring 700 new homes.
Pentavia Retail Park in Mill Hill currently contains a TGI Fridays and about 30,000 sq ft of predominantly vacant retail units.
Meadow Partners wants to build at least 700 apartments on the site, comprising a mix of affordable, private rented sector and private sale properties, alongside community and commercial space.
Suggested tenants for the commercial space include a fitness centre, restaurants, bars and cafés.
London-based architecture practice Arney Fender Katsalidis was appointed to work on designs for the site last month.
Planning application coming later this year
Meadow Partners is currently carrying out a consultation on its proposals, and plans to submit a planning application to Barnet council later this year.
The firm said the project “will create a new destination for recreation, socialising and living, helping to increase footfall on Mill Hill High Street” and “significantly enhance the quality and appearance of the isolated retail park”.
A Meadow Partners spokesperson said: “The proposed redevelopment of Pentavia Retail Park is a chance to regenerate a tired and obsolete retail scheme, bringing new housing and employment opportunities to the area.
“Meadow Partners is working to bring forward a high-quality residential-led, mixed-use scheme that will bring real benefits to the community and reinvigorate this underused commercial site.”
The site is located between the A1 (Watford Way) and the M1, with Meadow Partners pledging to “unlock” access to the site with more pedestrian and cycle routes.
Meadow Partners, led in the UK by former Cushman & Wakefield head of West End investment Mike Tremayne, bought the retail park in August 2013 from Henderson Global Investors for £27.8m.
Read the article at: http://goo.gl/HVXlFM