The latest plans for the major redevelopment of the former Spray Street Quarter are set to be unveiled to the public next week.

Developers behind the massive proposal to overhaul the area between Plumstead Road and Spray Street were forced back to the drawing board in 2018, when the historic covered markets at the site were given grade-II listed status.

St Modwen, a development firm specialising in regeneration, and Notting Hill Genesis, a housing association, had jointly worked on the plans since 2016, when Greenwich Council appointed them to the job.

The joint venture had previously proposed a mass redevelopment including 742 homes, 6,000 square metres of retail space, a cinema, a nursery, offices, a public square and new public realm.

The developers said new housing in the initial application would help alleviate pressure on Greenwich’s bulging housing waiting list, as well as heralding a new modern design into an underused and aged area.

However, local traders at the myriad of small businesses around the block feared it would lead to them being booted from the site.

It led to an uneasy period of limbo for businesses as they awaited details of the revised scheme.

Ahead of its unveiling, a spokesperson from the project said the latest plans would include business space in some form.

However, the exact plans for businesses in the area were yet to be decided – with “local need” to help dictate the final makeup.

The updates come ahead of the revised plans being revealed at a public display in Woolwich’s General Gordon Square.

In a statement, the developers, who re-branded the site as Woolwich Exchange in late 2019, said the project would work-in with the now-listed covered market.

It added the new plans would include affordable housing “to help local people”.

“Our new plans will retain the former covered market building and open it up for the community to enjoy, along with new public space at the heart of the site,” they stated.

“Our plans will also deliver new housing, including affordable housing – to help local people live locally

“A new Picturehouse cinema, along with new cafés, bars, restaurants as well as workspace, a new gym and nursery will provide a boost to the local daytime and evening economy.

“Overall, we want to create an exciting new place in Woolwich to live and visit, while protecting and enhancing the area’s heritage.”

The plans are set to be unveiled at General Gordon Square from 3pm until 8pm on Friday 28 February, and 10am until 4pm on Saturday 29 February.

The developers say feedback from the community will reflect the revised planning application, which it intends on submitting to Greenwich Council later this year.

In a statement, Gary Morris, the senior development manager from St. Modwen, said: “We’ve been working on this exciting project since 2016 and we have learned a lot in that time”.

“We think our plans, revised following the listing of the former covered market and the introduction of the Woolwich Town Centre Conservation Area, will create a place to work, live and play that will become a major part of Woolwich’s future, while also reflecting its past and heritage,” he said.