Southwark Council has approved a housing scheme by Squire & Partners next to the Tate Modern after agreeing with the developer that providing affordable housing on site would impose extra design costs
Last night (14 July) the council agreed a deal to grant planning permission for three towers at the Park Street site after accepting developer Delancey’s offer to build a scheme for elderly residents nearby plus a contribution of £6.5m.
A report by planning officers to the council’s planning committee claimed that providing the homes on site would require changes to the design of the building would lead to costs that would reduce the amount of affordable homes.
It said: ‘Housing is being provided in the form of two towers, each with a single core. For affordable housing to be provided within either of the towers, an additional core would need to be provided to serve the affordable units.
‘This is a space intensive solution that would result in a substantial area of each floor being taken up by service and circulation space and would reduce the overall number of flats on site.’
It said that a financial viability appraisal confirmed that more affordable housing could be delivered through off-site provision.
The project, which was submitted to the council will see the demolition and replacement of the former headquarters of the Central Electricity Generating Board on a 0.47ha site in Park Street. Three buildings of 10, 15 and 19 storeys each would be grouped around new public spaces and provide office, residential, retail and café space, along with facilities for the nearby Globe Theatre.
The 15 and 19 storey towers will provide 163 new private homes, with shops on the ground floor of each.
The ten-storey block will provide up to 8,682m² of office space for the creative industries along with shops on the ground floor. In the basement of this building, rehearsal, workshop spaces and offices for the Globe are proposed.
The scheme will now be referred to London mayor Boris Johnson for final approval.
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