Over the past few years London has faced an overwhelming shortage of housing, something which has caused Architects and Engineers to become creative in their ideas; needing to maximise housing potential whilst minimising ground space lost.
Earlier this year consultants WSP suggested the solution of constructing homes on top of public buildings, claiming that this would provide opportunity for an impressive 630,000 new homes. However, instead the regeneration of old buildings into residential projects can be seen as an occurring trend in the past few years.
Battersea Power Station is a prime example of this, the regeneration project will oversee the conversion of a power station which has stood unused for the past 30 years. Development of this grade II listed building will open up a whole new town centre with shops, restaurants, bars, 3,500 new homes and over 1.7 sq ft of new office space.
Of the 3,500 newly designed homes, 15% are characterised as “affordable” and 600 further homes were discounted for those being sold to Londoners. This scheme has been viewed by London Mayor Boris Johnson as beneficial to all individuals living in London as not only will they benefit from the new apartments and public spaces being offered, but in addition the scheme has been largely funded by Malaysian money which has allowed for an extension of the Northern tube Line, which will ease travel around the city.
As well as the Battersea project, a similar development is under way in Chelsea with the former Lots Road Power Station being converted to offer 706 new homes. These homes will be included in the newly regenerated buildings including: two 37 and 25 storey glass residential towers and 3 riverside buildings.
The first riverside development of its scale, not only will the scheme provide hundreds of much needed homes, but it will also open up 600 metres of Thames walkway and provide improvements to Chelsea Creek, with landscaped gardens and lots being included.
These projects will transform buildings no longer into contributing elements to this iconic city and will provide London with more than 4,250 new homes and thousands of jobs by doing so. The Battersea project looks to create over 26,000 jobs during its development and a substantial amount of permanent jobs after its completion, whereas the Chelsea Waterfront development will provide over 1,000 jobs during its regeneration and 500 permanent positions in the long run.
For these benefits we at Blueprint strongly encourage more projects like this to take place in the following year, and look forward to what innovative ideas will come to light in 2015.
If you are looking to get involved with residential building projects such as these, please call our team in the New Year on 02392 603030 for a chat in confidence.
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