More than 600 homes for rent planned in latest move shift towards residential
Canary Wharf Group has unveiled plans for a new residential tower of 55 storeys on a vacant plot in the Isle of Dogs business district.
The Park Place scheme, designed by Skidmore, Owings & Merrill (SOM), will consist of 624 homes for rent managed through Canary Wharf鈥檚 rental arm Vertus. The build to rent homes will be a mixture of market and affordable rent.
The new tower will be built on a vacant site in the western side of Canary Wharf, facing the middle dock.
A 2015 planning consent for a commercial-led office building is still live, but Canary Wharf Group now believes that a 鈥渕ix of residential, cultural, retail, co-working and leisure uses would be of greater benefit to this part of the Estate鈥�. It will therefore seek a fresh planning permission to include residential.
The move is part of a longer-term plan by Canary Wharf Group to re-purpose Canary Wharf as a place to live, rather than as a pure business district.
See also>>Canary Wharf鈥檚 new chapter: shifting focus to residential
The Wood Wharf scheme, designed by Allies and Morrison plans to provide more than 3,600 new homes, 25% of which will be affordable, along with a school and a GP surgery.
In February the Wharf鈥檚 first build-to-rent scheme opened at 10 George Street, providing 327 homes. A 38-storey, 900-home tower by Hadley Property Group was also approved at nearby Blackwall Way last month.
The proposed Park Place development also includes a four-storey mixed-use 鈥榩avilion鈥� building offering remote working facilities, cultural and retail spaces, public spaces and new thoroughfares.
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