Five developers have been shortlisted to work with the Royal Borough on the regeneration of four sites in Maidenhead.
In July, the council launched a search for development partners in London to develop sites in York Road, West Street, Reform Road and Saint Cloud Way.
The five developers shortlisted are Berkeley Homes (Oxford and Chiltern) Limited, Countryside Properties (UK) Limited, Grainger Plc, Pinnacle Group (consortium with Groveworld Ltd & Starwood Capital Group) and Shanly Homes Limited.
It is expected a final decision will be made in February 2017 with a contract being awarded in May 2017.
Alongside new homes, the sites could also provide new commercial space and leisure facilities.
Cllr Simon Dudley, (Con, Riverside) and leader of the council said: “We had a lot of interest from developers for these sites which we expected.
“We intend to build a town for everyone and I know these sites will provide housing including affordable housing for our local residents in the heart of the community.
“I want to see innovative approaches to design from our developers who are in it for the long term as we continue to develop our town.
“Our joint venture partner will have to work with us to develop these sites together. We will be retaining considerable control over how the sites are developed. I am committed to providing high quality homes, including genuinely affordable options for our residents.
“People living, working and visiting Maidenhead will see a lot of development in the area over the next few years as we regenerate the town and the Elizabeth Line is completed. All of these changes are set to make Maidenhead an even more attractive and exciting place to be in the future. We are going to rebuilt the ‘Jewel of the Thames’.
Other regeneration projects include the redevelopment of Chapel Arches and The Landing scheme which was granted planning permission in September.
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