The Homes and Communities Agency has signed an agreement with Story Homes and Preston Council to develop the D’Urton Manor site off Eastway.
And HCA chairman Sir Edward Lister said during a visit to the project yesterday: “I am really pleased to be at D’Urton Manor because it is such a great example of the Homes and Communities Agency leading the way in driving the delivery of homes on surplus public sector land.
“Working closely with our partners Story Homes and Preston City Council we are turning the plans of the City Deal into the reality of new homes and successful places.”
Eastway is one of the 11 key sites identified as part of the 10-year City Deal signed by Preston, South Ribble and Lancashire Councils in 2013.
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The site has planning permission to provide 300 properties, which include 45 affordable homes and a local centre providing shops, a community space and a care facility.
Fred Story, founder and chairman of Story Homes, said: “This is a significant development for Story Homes. D’Urton Manor will provide much-needed family housing ranging in size from two to five bedroom homes.”
The development will not only retain existing ponds and trees, but will also create a new road, with a cycleway and improved pedestrian access to ensure that any additional traffic will not create problems for local residents.
Coun Peter Rankin, leader of Preston City Council, added: “Building new homes for families and future generations is key to Preston’s future success.
“And this is what City Deal is all about - investing in infrastructure and laying firm foundations for new homes, new jobs and a flourishing Preston and Lancashire economy. Story Homes have a fantastic reputation and we are delighted they are investing in Preston and building new homes for the future. These really are exciting times for Preston.”
The HCA owns 11 sites in the Preston area which have a potential to deliver more than 3,800 new homes for local people over the next 10 years.