The scheme will see the building of 90 one and two-bedroom apartments with shared courtyard space built above 1,100 square metres of commercial space and a new car park.
The new six-storeys building will occupy a central location on the corner of Victoria Road and Russells Crescent, working with local sub-contractors and people in the trades.
75 homes will be available through TVHA on a shared ownership basis with the remaining 15 available through affordable rent. The retail space will comprise one large unit of around 500 square metres and three smaller units of around 200 square metres.
Mark Mitchener, Managing Director, Rydon Construction said: “This is a significant scheme for the town and we will ensure local sub-contractors reap the benefits throughout the construction process. We also intend to support the next generation of the construction industry through a training programme for young people in the area.”
The development is due for completion in spring 2015 and forms part of the master plan for the regeneration of Horley, which includes 2,600 new homes, better public transport as well as enhanced recreation and leisure facilities.
Geeta Nanda, Chief Executive Officer of Thames Valley Housing added: “We’re delighted to be working with Rydon on a proposal that will help to regenerate this important site in Horley town centre and improve its vitality by providing quality affordable homes both for rent and for shared ownership.”
“The new homes have all been designed to a very high standard and are very local to supermarkets, shops and other amenities. The homes for sale been designed to appeal to professional people wanting to get onto the housing ladder, ideal because of the close proximity to the London to Brighton mainline and to Gatwick as well as the town centre.”