Decision details

Cabinet will be asked to consider the report for the selection of a Preferred Developer for land comprising Phase 1 at Rochester Riverside. The site encompasses land owned by Medway Council and SEEDA.

246/2007 The Cabinet recommended to Council to select Crest Nicholson as the preferred developer partner for Phase 1 of Rochester Riverside.
247/2007 The Cabinet recommended that Council delegates authority to the Chief Executive, in consultation with the Leader of the Council, to grant a development agreement and lease(s) for term(s) not exceeding 999 years for the land comprising Phase 1 Rochester Riverside on the best terms reasonably obtainable.

Subject to Council approval on 17 January 2008, this will enable the regeneration of Rochester Riverside to proceed. The scheme will ultimately provide the homes, quality of buildings and open spaces desired. Based on the available information, officers consider that Crest Nicholson offer the best all round proposals for Rochester Riverside Phase 1. Their scheme is compliant with the outline planning permission, is financially viable with the potential of additional income through future overage, and is deliverable. The team are keen to work with the landowners to progress the project, which has the potential to be an award-winning scheme worthy of Rochester Riverside's status as a flagship scheme in Medway and in the Thames Gateway.