One Nine Elms would provide hundreds of new homes plus an hotel, shops and restaurants
A planning application has been submitted to Wandsworth Council for the redevelopment of the Market Towers office building in Nine Elms.
The proposal is for a mixed use scheme including more than 400 hundred homes, a hotel and a new public square with shops, restaurants and cafés.
Called ‘One Nine Elms’, the scheme is a joint venture by CIT and Green Properties. The architect is Kohn Pederson Fox.
The site is located in the east of Nine Elms - central London’s biggest regeneration project.
The area has begun to transform with work now underway on St George's Vauxhall Tower scheme and St James Group's Riverlight development .
Enabling works are also underway on the site of the new US Embassy which is expected to open in 2017.
Council leader Ravi Govindia said: “Nine Elms is London’s leading development hotspot. The transformation is now underway and a new residential and business district will soon take shape.
“More than 20 sites are now gearing up for redevelopment and work has begun on some of the most exciting schemes. In all, 16,000 homes will be built here alongside enough new business and cultural space to support 25,000 new jobs.
“The new Nine Elms will have two new Tube stations and more green open space than any other part of Central London’s South Bank. It will be a terrific place to live and work.”
The One Nine Elms application is now being assessed by the authority’s planning department. Once validated, the plans will be made available on the council’s website and a public consultation gage views from local residents and businesses.
More information on the scheme is available at www.onenineelms.co.uk
About Nine Elms
Property value is expected to rise faster in Nine Elms than in any other part of London according to property agency Knight Frank. The company has forecast growth of 140 per cent by 2016
London’s first ‘linear park’ will run through the entire length of the distinct.
A new and improved riverside footpath will run between Chelsea Bridge and Vauxhall.
A new footbridge will cross the Thames linking Nine Elms to neighbouring Westminster.
Two new Northern Line stations will connect Nine Elms to the London Underground network and capacity increased at Vauxhall Station.
The London plan anticipates up to 16,000 new homes and 25,000 new jobs will be created as Nine Elms changes from a light industrial zone to a mixed residential and business district.
The area includes Battersea Power Station which has planning permission for more than 4,000 new homes and a new town centre development.
January 30,2012