University of Cambridge receives approval for $1.5 billion development10 August 2012
The University of Cambridge has been granted planning permission for its £1 billion ($1.57 billion) development in North West Cambridge.
The development will be spanned in 150 hectare site and will include 1,500 homes for key University and College employees, 1,500 homes for sale, accommodation for 2,000 students, 100,000 square metres of research facilities, including up to 40,000 square metres for research institutes and private research facilities linked to the University and a wide range of community facilities.
The homes will be built to high standards of design and sustainability. Houses and flats will be built to Sustainable Homes Level 5, equivalent to zero carbon. Non-residential buildings will be built to BREEAM Level Excellent, the equivalent sustainability level for other buildings.
Around one-third of the site will be used as public open space for sports, informal recreation and ecological use. The University has also developed a water management system for the entire site.
Phase I of the development will be subject to approval from the University's Regent House, which will be sought in early 2013. This will comprise around 530 homes for University staff, some 426 homes for sale, accommodation for 300 students and the local centre. Phase I is expected to start in early 2013 and be completed by mid-2015.