One Housing Group, and Mount Anvil are in partnership to create 121 new homes at Dollar Bay, a new 31-storey residential tower in Canary Wharf. Designed by the internationally-acclaimed Ian Simpson Architects, Dollar Bay will offer a range of studio, one, two and three bedroom homes, each of which will enjoy an enclosed ‘winter garden’. A three-storey penthouse will boast 360-degree views of London.
The waterfront site on the Isle of Dogs was acquired from Londonewcastle on 4 April. The £90 million scheme will create 111 homes for private sale and 10 for shared ownership. This is not a very large development.
Construction will begin in early 2014, with delivery expected in summer 2016.
Location
See Google Maps for the plot. (red dot). The slim building is located at the entrance to the West India Dock.
A closer look at the location shows you the plot.
According to the marketing website, the walking distances are as follows:
1. Souuth Quay Station (3 mins)
2. Canary Wharf Station (12 min)
3. Crossrail Station (opening 2017 - 16 min)
I have done some checks using google maps and the times are generally accurate. Living in Dollar Bay would definitely mean that you can walk to work if your work is somewhere in Canary Wharf.
Here are some computer renderings of the development. The first picture shows you the stunning views a high floor unit would have, if you are facing Canary Wharf. You can see that the building is located away from the main cluster of skyscrapers and given that Dollar Bay is facing water, you can be assured of good views. (I don't think they will cover up the water and build a skyscraper there)
See this computer drawing of the entrance of the building. You are the docks. Rather cool! Note that all the units facing Canary Wharf would have unobstructed views of the skyscrapers. Very ideal. Of course, the higher you go, the better the views.
Some renderings of the insides.
More views of Canary Wharf from a high floor unit.
Pricing - Selling like Hot Cakes
International Real Estate Agent JLL is marketing this development.
It was released in Hong Kong first and sold like hot cakes. The pricing was £900 to £1100 psf.
Very few units left. The cheaper units are gone. High floor units 21st and 22nd storey were still available, the last I checked. These were asking for £1.2MIL onwards, about 1,300 sq feet.
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Happy Investing!
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