Out-Law News | 28 Jul 2014 | 4:32 pm | 1 min. read
The masterplan for the derelict brownfield site proposes the creation of a new waterside district, with up to 5 million square feet of commercial space, shops and restaurants and 3,000 homes in a mix of sizes and tenures, according to information displayed during a public consultation in April.
A series of trading houses are proposed for the site, allowing international organisations to showcase their products and brands in ground floor showrooms with office space located on upper floors. Temporary and permanent pavilions are also planned around the development, providing additional space for brand showcases.
A residential district is proposed around the Grade II-listed former grain silo, Silo-D, to the south west of the site and office buildings will be constructed towards North Woolwich Road along the southern edge of the development.
The initial phase of development is set to include: the restoration and reuse of the locally listed Millennium Mills flour mill, which was built in 1905 and fell out of use in the 1980s, into an enterprise and innovation hub; and the construction of a new bridge across the Royal Victoria Dock from the north west of the site.
Plans also include a broad boardwalk around the docks, a large central piazza and several public parks.
The site is owned by the Greater London Authority (GLA) and the scheme is part of a wider vision for London's Docklands. The Silvertown Partnership, consisting of Chelsfield Properties and First Base, entered into a master development agreement with the GLA for the scheme in June last year.
Work on the site is expected to start in early 2015.