Plans for London’s ‘largest single regeneration project’ drawn up by Allies and Morrison have been given the go-ahead by the Royal Borough of Greenwich.
The AJ 120 practice’s reworking of Terry Farrell’s 2004 Greenwich Peninsula masterplan includes 12,678 new homes, 60,000m2 of new business space, 24,000m2 of new retail and restaurant space, two new schools and a new ferry terminal.
It will also see the demolition and complete rebuild of North Greenwich tube and bus station, construction of a new healthcare facility, and the expansion of the Ravensbourne digital media college.
The new masterplan – which was granted outline consent by Greenwich’s planning board on Tuesday – increases to 15,720 the number of new homes either already built or planned for delivery. The Farrell masterplan earmarked 10,000.
Despite an increase in housing numbers of more than 50 per cent between the 2004 and 2015 masterplans, the number of affordable homes earmarked for construction has only risen from ‘a minimum of 3,800’ in 2004 to ‘a minimum of 3,930’, an increase of roughly 3 per cent. Greenwich said 22.7 per cent of homes to be provided by the masterplan would be affordable. Its target for new developments of 10 or more units is 35 per cent.
Building-height guidance in the masterplan suggests that structures in some zones on the peninsula could be as tall as 40 storeys. Greenwich Council said the areas with the tallest towers would be just across the River Thames from Canary Wharf, which would ‘dwarf’ the new structures.
Developer Knight Dragon, which bought out joint-venture partner Quintain’s interest in the project in 2013 said it had ‘ big plans for the peninsula … and the determination and the finance to deliver them’.
Greenwich Council leader Denise Hyland said the masterplan would ‘bring the long-term regeneration of the Greenwich Peninsula to fruition’ and cement a whole new district for the capital.
‘I know there are very real concerns about the scale of this development and those have been fully considered during the decision making process,’ she said. ‘The board felt that the plans are right for the area and for London as a whole, providing so many new homes at a time of a critical shortage in London.’
The new masterplan now needs the approval of Mayor of London Boris Johnson. An annex to his current London Plan classifies Greenwich Peninsula as one of 45 ‘opportunity areas’ for housing and says it is capable of delivering a minimum of 13,500 new homes.