Canary Wharf Group has submitted plans to the local planning authority, the London Borough of Tower Hamlets, for a 3.8 million sq ft (Gross Internal Area) development on the North Quay site at Canary Wharf.
The site, which is immediately adjacent to Crossrail’s new Elizabeth Line station on the north side of Canary Wharf, will create a vibrant mixed-use district and accommodate up to 2.5 million sq ft of commercial office space and up to 1.6 million sq ft of residential space, within a flexible framework to suit the demands of future London.
The project will incorporate CWG’s commitment to sustainable development with all new homes net zero carbon and climate resilient. Office buildings will target BREEAM Outstanding level for sustainability.
The development plans at North Quay are in addition to a further 2 million sq ft CWG has underway in construction projects and a further 2.5 million sq ft in design.
READ ALSO : Commercial property investment in Central London rise 28% YoY in Q1 2019
Sir George Iacobescu CBE, Executive Chairman of Canary Wharf Group, said: “North Quay is a unique location and one of the largest single development sites in London. Our plans offer a great new place to work and to live, with extensive public realm, high-quality retail, and new connections, next to a brand new railway station.
“This will be a fantastic addition to the Canary Wharf estate and offer an exceptional environment for a range of occupiers and sectors including health and life sciences, technology, media, financial or business services organisations.
“In a dynamic and unpredictable world, the extensive flexibility in this plan will enable us to respond quickly to market demand within a framework agreed with the local authority.”
Jason Syrett, Partner of Allies and Morrison, said: “The masterplan for North Quay is structured around making connections; from South Poplar to Canary Wharf north-south and from West India Quay through to Billingsgate west-east, reactivating the north quayside of the old West India Import Dock. This masterplan provides a confident step forward to the next phase of Canary Wharf as a vibrant, mixed-use and truly connected place.”
This outline planning permission has been designed to allow for flexibility in the same way as Canary Wharf Group’s Wood Wharf project, which is currently being built.
The flexible framework set out in the planning application includes options for:
- Between 1.6 and 2.5 million sq ft of business space
- Up to 1.6 million sq ft of residential apartments
- Up to 640,000 sq ft of retail and / or leisure and / or community uses
Other options for uses on site include student housing, hotels and serviced apartments and co-living space.
 development on the North Quay site at Canary Wharf.){kind=link}