More details of Allies and Morrison’s emerging and expanding masterplan for a new community at Canada Water, south-east London, have been revealed
The plan, which includes 3,000 new homes, will be presented to a meeting of Southwark Council’s cabinet next week and is set to be submitted for planning in the first half of this year.
The council is expected to sign off a development agreement with developer British Land which will see the local authority take a larger stake of land ownership within the masterplan area, which is by the former Canada Dock.
A council report set to be presented to councillors, said: ‘This is intended to be a long-term partnership between the public and private sectors.
‘It will deliver not only the physical transformation of the area in the form of a genuinely mixed-use town centre but also a programme of social regeneration.’
The 20ha masterplan area has been expanded from original plans to cover new areas including the former Rotherhithe Police Station, the Old Dock Office and, subject to consultation, the surviving dock.
The current proposals are for up to 86,000m² of shops, 282,000m² of offices, 45,500m² of community uses and 51,000m² of leisure and cultural space.
This would include a new park of around 1ha. Developers are also in talks to with London Wildlife Trust to develop a plan for the dock, which could include reedbeds and wildlife habitats.
The masterplan envisages medium-rise buildings around the edges, along with three clusters of taller residential buildings.
A significant portion of the site lies in the path of the strategic view from Greenwich to St Paul’s Cathedral, limiting heights in this corridor.
Consultation will continue on the proposals before the submission of a planning application to the council.
The proposed development agreement between Southwark and British Land, which could be agreed next week, guarantees that 35 per cent of the first phase of housing would be affordable.
Of this, 70 per cent would be provided at social housing rents, with the rest at intermediate rent.
The agreement would see the council increase its land holdings to 20 per cent of the whole development, which officers say will give the authority ‘the opportunity to benefit from the increase in rents and capital receipts as the development is built out over the next 15 years’.