Nine Elms office blocks to be transformed into 400 homes

Published by Jon Land for 24dash.com in Housing

Plans to redevelop two office blocks into 400 homes have been submitted to Wandsworth Council as part of the wider Nine Elms regeneration.

The proposed mixed-use development would see the Market Towers, in South London, transformed into hundreds of 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, designed by architect Kohn Pederson Fox.

The site is located in the east of Nine Elms - central London’s biggest regeneration project.

The area has already 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.

Two new Northern Line stations will connect Nine Elms to the London Underground network and capacity increased at Vauxhall Station.

Property value in the area is expected to rise faster than in any other part of London according to property agency Knight Frank. The company has forecast growth of 140 per cent by 2016.