Tower Hamlets Council has approved exciting plans by Canary Wharf Group to regenerate the 4.9 million square feet site adjacent to Canary Wharf formerly known as Wood Wharf.
The development of the site on the Isle of Dogs just east of Canary Wharf will bring a fresh sense of vitality the location, and provide a catalyst for long-term growth, investment and opportunity in this part of London.
The innovative plans to redevelop the area and open it up to the rest of London will see:
- 3,610 residential units built, 25% of which will be on-site, affordable housing
- four new public spaces, ensuring residents have access to space for leisure
- a new road network that will connect Wood Wharf to Canary Wharf in the west and Prestons Road in the east, improving accessibility to the area
- a proposed new primary school for the new residents on the Wood Wharf site and the wider Isle of Dogs area
- new health facilities
- an Idea Store
- commercial uses, including a hotel, retail spaces and 1.9 million square feet of offices
Sir George Iacobescu CBE, CEO of Canary Wharf Group, said:
“We are very pleased to have received approval from Tower Hamlets to proceed with the extension of Canary Wharf. This 4.9 million square feet next phase of development with reinforce Canary Wharf’s status as one of the most attractive new places to both live and work.”
“Today’s approval gives us the go-ahead to create a brand new London community, attracting both residents and companies from the fast growing technology, media and telecoms sector as we continue to diversify. The development will bring 3,610 much needed new homes, a quarter of which will be affordable, alongside 1.9 million square feet of office buildings, an exciting new retail offering, green parkland and dockside walkways. It will also include a library, a large GP surgery, a school for 420 children and a community sports hall.”
The comprehensive redevelopment will make a huge contribution to the Council’s housing and employment needs. It will become one of the Council’s key projects to achieve its ongoing ambition of making Tower Hamlets a place where people are proud to live, work and study.
This vision, A great place to live, is for the borough to be a place where people live in quality affordable housing, located in clean and safe neighbourhoods, served by well-connected and easy to access to services and community facilities.
Mayor of Tower Hamlets, Lutfur Rahman, said:
“Here in Tower Hamlets we are working incredibly hard to build affordable homes for our residents. The planning permission granted today will see Wood Wharf become yet another flagship regeneration project in the borough, and will help us to make Tower Hamlets an incredible place to live, work, and visit.”
Over the last five years, Tower Hamlets has delivered the largest amount of affordable homes in the country. More than 4,500 new affordable homes have been built in Tower Hamlets.
The Council remains ambitious and has a number of other regeneration projects that have been approved and are ongoing in the borough. These include:
- London Dock, located on the old News International site, which will see 1,800 new homes built in Wapping
- the Whitechapel Vision masterplan, which will see Whitechapel transformed, building up to 3,500 new homes on the site
- Blackwall Reach, the regeneration of Robin Hood Gardens, which will deliver up to 1,575 new high-quality homes, a primary school, and improve open spaces in Blackwall and its surrounding area
Cllr Rabina Khan, cabinet member for housing and development, said:
“We are extremely proud of our work around housing in this borough. And we should be, especially given the amount of recognition and praise we receive from the government for this area of our work. Wood Wharf will be another example of the way that Tower Hamlets is leading the rest in building and regenerating.”