But despite planning permission being approved for the revised proposal in 2021, soaring development costs as a result of Covid, global conflicts and new building safety regulations have forced all but one of the developers \u2013 Notting Hill Genesis \u2013 to pull out.<\/p>\n
Since then, the project has stalled.<\/p>\n
\u201cIt\u2019s a viability issue,\u201d says Olden. \u201cOver 12 years, there have been major obstacles to development, the economy is unrecognisable. We\u2019ve had Covid, two wars and changes to fire safety regulations, brought about by the Grenfell tragedy.\u201d<\/p>\n
For the businesses caught in the middle of it all, it\u2019s been hell.<\/p>\n
Tariq Ahmad, who runs Sam\u2019s Chicken next door to the protected Woolwich market, says his business still faces the wrecking ball under the latest plans despite serving the area for 17 years.<\/p>\n
\u201cEverybody knows our business. We started in 2009 and it was a rundown pub when I bought it \u2013 lots of druggy people sitting outside. I spent nearly \u00a3400,000 developing it, and now we\u2019re stuck. It\u2019s been very stressful.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"But despite planning permission being approved for the revised proposal in 2021, soaring development costs as a result…\n","protected":false},"author":2,"featured_media":875382,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[290652,45,49,48,112148,137,4472,303626,134,12699,2225,2008],"class_list":["post-875381","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-better-life-feature","tag-business","tag-ca","tag-canada","tag-consumer-affairs","tag-entrepreneurship","tag-london","tag-london-property","tag-money","tag-planning","tag-standard","tag-top-story"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/875381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=875381"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/875381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/875382"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=875381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=875381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=875381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}