The 5.5ha brownfield site, situated on the south bank of the River Thames, will need £16m of enabling and infrastructure works.
Joseph Homes is proposing to spend over £3m upgrading flood defences, £6m on contaminated land remediation and £7m on transferring electricity from Ebbsfleet.
The first phase of the scheme, which received detailed planning in the hybrid planning application, consists of six blocks with one rising to 23-storeys tall.
The development will include a mix of affordable housing as well as Later Living and build-to-rent homes as well as 4,500sq m of space for local businesses including shops, restaurants and workspaces.
Site remediation and clearance will get underway in the autumn with first construction scheduled to start in 2023
Craig Carson, Development Director at Joseph Homes said: “We are thrilled that Gravesham Borough Council unanimously voted in favour to grant planning permission for Albion Waterside.
“Our masterplan regeneration for this site is one we’ve worked on with our brilliant project team – JTP, Barton Willmore, Ramboll, Caneparo Associates, Montagu Evans, Patrick Parsons and BDP Landscape – to ensure that we will deliver a vibrant and truly sustainable neighbourhood for Gravesend.”
Ian Fenn, Partner at JTP said: “This site offers huge potential to transform an underused industrial area into a thriving new riverside neighbourhood, which will re-establish old links and connections and create new ones, whilst also marking this important location on the River Thames.”