The Cabinet agreed to select a development partner who will take forward the £80 million regeneration project. The project will see the development of 491 new homes, a new community centre and over 3,000 sq m of commercial space along with associated public and highway improvements.
A planning application will now be prepared by Mulalley and One Housing with the former Sir John Lawrence pub as the first site to be developed.
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Building will start in early 2012 and the first properties will become available in 2014.
The development meets the borough's Core Strategy requirements of providing 60% private and 40% affordable housing; with almost 100 new family sized dwellings to be provided.
Cllr Del Goddard, Cabinet Member for Business and Regeneration said: "The regeneration of Ladderswood is the first major flagship project for Enfield Council, and the appointment of Mulalley and One Housing marks an important milestone for the project.
"We are committed to improving the quality of life for residents and businesses and this will be achieved by creating a sustainable new community where people will want to live, work and enjoy."
Cllr Ahmet Oykener, Cabinet Member for Housing said; "Ladderswood is the first of several estate renewal programmes which the Council is leading on.
"This development will provide new, sustainable housing for Enfield residents and will increase the supply of affordable housing in the borough, in particular increasing the supply of family-sized housing."
(CD/KMcA)
