Lambeth Council, in partnership with Muse Developments are set to build a new central Brixton campus by 2017.

The project, entitled Your New Town Hall, includes a preservation of the Town Hall, office space, a civic building, and a 14-story block of flats.

750 new homes are expected to be built by 2017, 40% of which are to be classed as affordable housing.

Hambrook House and Olive Morris House are set to be demolished to make way for the new 14 story high-rise structure.

The redevelopment of Town Hall Parade requires the purchasing of the Fridge Bar, which recently underwent a £150,000 refurbishment.

Lambeth Council is preparing a Compulsory Purchase Order to acquire the property, but they must demonstrate a “compelling case in the public interest”.

Compensation in such instances includes property value, costs of acquiring and moving to a new venue, as well as additional payments.

Lambeth Council Cabinet Member for Finance, Paul McGone, has released a statement promising that “Lambeth New Town Hall is not being built on £50m of borrowed money”.

McGone went on to state that the refurbishment would only help savings after the Government cut 50% of the council’s budget.

According to Lambeth Council, Your New Town Hall is expected to save at least £4.5m per year, along with creating new jobs.

The public and residents are encouraged to leave feedback through drop-in sessions, workshops and online via www.yournewtownhall.org.

Details of drop-in sessions and workshops can be found in the Lambeth Town Hall.