Berkeley Homes has submitted detailed planning application to Tower Hamlet Council in early April, for a very large residential-led development which would have a slim 250M, 73 storey, residential tower with 947 new homes. The views from the penthouse would be beyond awesome!
Overview of Proposed Development
The proposal for the plot is one storey of 73 storeys, one building up to 35 storeys, one 6 storey pavilion building and the refurbishment of existing office building. Demolition and construction is likely to take 8 to 10 years from 2014.
This is the plot, from the air.
The development also includes a 36-storey tower fronting onto Marsh Wall to accompany the South Dock building. The proposals outline approximately 20,000 sq. ft. of new retail, dining and entertainment space and will also include a public open space with a riverside walkway.
Planning Application Under Consideration
The planning application was submitted in early April and Berkeley will be working with London Borough of Tower Hamlets to secure planning permission later in the year. Whether the permission will be granted smoothly, remains to be seen. Take note that unlike this development, Diamond Tower by Canary Wharf Group has already been given planning permission. (see this blog post)
Tall buildings are not unusual in the Canary Wharf area and hence the London Borough of Tower Hamlets would be used to granting Planning Permission for such tall towers, unlike many other London Boroughs.
Construction is likely to start in January 2015. (if they can get Planning Permission by then)
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Important Disclaimer - . The views contained in this blog and blog post are entirely mine. We cannot be made responsible for any investment decisions you may, or may not, take. Nothing in this blog can be construed as professional investment advice, as we are NOT professional investors and we are ill qualified to give you any advice. Read the blog at YOUR own risk
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