Out-Law News | 18 Feb 2014 | 12:42 pm |
The proposed New Bondway scheme includes the construction of a part 24-storey part 50-storey tower to comprise 450 new homes, 5,171 square metres of office space and 860 sq m of commercial space at the ground floor. 90 of the new homes will be made available as affordable housing.
The 0.29 hectare site is currently occupied by a warehouse, originally built in 1865 as a Barrett's Brewery, which will be demolished as part of the plans. The site is located in the Vauxhall Nine Elms Battersea Opportunity Area and sits within the north east edge of the new south London cluster of tall buildings.
The developers said in the planning statement submitted with the application that the proposed scheme will replace existing "outdated office and storage space with new office floorspace configured to meet modern requirements and deliver a sustainable community within the site".
The two developers entered a joint venture in November following McClaren's purchase of the site last summer.
Lambeth Council cited 6 May 2014 as the target determination date for the application. Subject to planning permission, the developers said they expect to start construction on the site in 2015 and to complete in 2018.