'once-in-century' plan to upgrade area near major london station with 2,500 new homes

The area around London Euston is set to be transformed (Picture: Getty Images)

Camden Council has announced its plans to transform the area around one of London’s biggest and busiest train stations into a major new destination for homes,jobs,science,and culture.

The proposal — developed with the Mayor of London and backed by Camden’s political leadership — aims to unlock Euston’s enormous potential as one of the capital’s most important transport and economic hubs.

The council plans to establish a locally led urban development corporation (LLDC) to spearhead the regeneration of the Euston area.

Urban development corporations,which have played critical roles in previous large-scale projects such as Canary Wharf and Liverpool’s Royal Albert Docks,possess specialised powers to acquire land,act as local planning authorities,and deliver infrastructure.

Camden Council aims to harness these capabilities locally to realise an ambitious regeneration plan for the Euston area.

Independent research estimates that development projects could deliver up to 2,500 new homes and generate approximately £41 billion for the UK economy by 2053.

Moreover,the regeneration is expected to create around 34,000 new jobs,offering long-term employment opportunities for residents across the capital and beyond.

Cllr Richard Olszewski,Leader of Camden Council,described the project as a ‘once-in-century opportunity’ to bring substantial economic growth,increase the stock of affordable housing,and enhance community life.

The plan also aligns with Camden’s broader strategy to reduce the ‘barrier effect’ created by Euston Road,making it easier for communities on both sides of the station to connect and thrive.

As part of the wider vision,Camden has already approved plans to revamp Euston Tower into a 32-storey mixed-use life sciences and innovation hub.

The transformation will create flexible office spaces suited for laboratory-enabled work environments,supporting growth in London’s Knowledge Quarter — a growing cluster of research institutions,tech firms,and creative industries.

Camden is no stranger to large-scale regeneration,having played a leadership role in the King’s Cross redevelopment,which first opened in 2011.

The council is also reviewing the Euston Area Plan,first adopted in 2015. It envisions 2,800 to 3,800 new homes,with a strong focus on affordability and housing for families,and 7,700 to 14,100 new jobs,particularly in research,creative,and knowledge-based sectors.

And beyond economic and housing developments,Camden Council is committed to fostering a vibrant and inclusive community atmosphere around Euston.

Council Cabinet discussions have highlighted plans to restore areas affected by HS2 construction and enhance cultural offerings to support residents and local businesses alike.

The Mayor of London,Sadiq Khan,has expressed his strong support for the council’s vision,describing the Euston regeneration as a ‘once in a generation opportunity to transform a key central London area.’

He emphasised that the project has the potential to create thousands of quality jobs,deliver new homes,and provide a revitalised gateway to the capital.

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Ongoing cooperation between Camden Council,the Greater London Authority,and government partners is expected to drive forward these ambitions to maximise benefits for London and the wider UK economy.

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