The project, named Daedalus Waterfront will see Wates directly invest £25m into regenerating the site, dramatically increasing the number of new homes available in Gosport.
The project is scheduled to start on site in spring 2018 with completion expected in spring 2020, delivering homes at a much faster pace than customary for the market.
The 200 properties will consist of 120 private homes and 80 affordable homes for local people.
Wates appointed JTP, architects and master planners, to develop a vision for the area.
The design of the new homes will celebrate the area’s rich heritage by using traditional brick facades and tiled roofs, with a network of green spaces and play areas also being created.
Wates will build the 200 homes split equally across two parcels: East and West. Waterfront East and Waterfront West measure approximately 5.56 ha of land.
Wates has pledged that its work on the project will create training and employment opportunities for local people and will boost the local economy through the appointment of local suppliers and sub-contractors.
The development will act as a catalyst for the wider regeneration of the site, and serve to bring economic life and vitality back to this former economic hub.
Wates will work closely with Gosport Borough Council to drive its vision and masterplan for Daedalus forward while fulfilling its regeneration aspirations.
For more information on the project, visit the Daedalus Waterfront website by clicking the link below