The 100 Avenue Road site above Swiss Cottage tube station was being developed by Essential Living to deliver 184 homes, including a landmark 24-storey tower.

But work stalled at the foundations level due to soaring costs and a dispute with the council over affordable housing provisions.

Regal London said today that it was committed to delivering this long-standing project efficiently and at pace, along the lines of the existing planning consent.

Before work can restart the Camden-based developer will seek amendments to the existing permission, in line with the latest fire safety requirements, the amendments include a second staircase.

A revised construction management plan drawing on Regal London’s extensive experience in delivering complex developments will support the amendments.

Regal London has strong relationships with Camden and has worked on multiple schemes across the borough including the recent submitted proposals for 100 Chalk Farm Road and the recent announcement of their continued partnership with 4C Group on Jamestown Road.

Marc Eden, investment director, said: “As a business with its roots and heritage in Camden, Regal London is committed to bringing to bear our local knowledge and passion to delivering 100 Avenue Road.

“Our reputation is built on delivery, which is particularly important for projects such as this one that have been stalled for a significant period.”

Robbie Myerson, Co-CEO of Essential Living said: “We are pleased to conclude the sale to Regal London and finally see this site delivered. This will allow Essential Living to recycle capital and focus on the growth of its inner London PRS investment strategy.”

Launching detailed plans for phase one, the Earls Court Development Company confirmed plans would be lodged this summer for phase one.

This will consist of major infrastructure works for the site and over 1,000 homes, the first cultural and commercial buildings, and the park.

Planned Table Park at Earls Court

Rob Heasman, CEO of ECDC, said: “Forging a new piece of city that is inclusive, climate resilient and brimming with opportunity is a great privilege.

In 2021, we shared a new vision to bring the wonder back to Earls Court, to ensure our plans for the future create unforgettable experiences, as in the past.

“Our plans have progressed and benefitted from continued open dialogue with a broad spectrum of community groups and stakeholders, as we bring forward a new piece of city that will have wide-reaching benefits for London.

There is no other central London site like this; this is our chance to build sustainably and innovatively for the future, ensuring that Earls Court is a place to discover wonder for generations to come.”