Mayor of London Boris Johnson has given the go-ahead for the £3.5 billion regeneration scheme at Silvertown Quays in East London
Masterplanned by Fletcher Priest Architects, the 25 hectare Silvertown Quays development will include residential elements by AHMM, Allies and Morrison, PLP, Stanton Williams, Eric Parry Architects, Feilden Clegg Bradley Studios and West 8.
Built at an iconic flour mill which has been out of use since the 1980s, the Silvertown Quays scheme will be home to a cluster of purpose built centres for product innovation, a school, cafes, restaurants, galleries and public spaces.
The plans also propose a new landmark bridge connecting Silvertown Quays with the new Crossrail station at Custom House, and the restoration of the huge dockside Millennium Mills building and the Grade II-listed Modernist 1920 Silo D building.
Work began earlier this year, following a £12m government investment, to demolish parts of the interior of the former flour factory and rid it of asbestos in order to fast track redevelopment.
The Greater London Authority, working with development partners the Silvertown Partnership, said it expected the redevelopment would attract 13 million visitors annually and will contribute £260m each year to London’s economy.
Johnson, said: ‘By breathing new life into this wonderful old flour mill we can rejuvenate this area of east London and contribute some serious dough to the capital’s economy.
‘Silvertown Quays will provide thousands of new jobs and thousands of much-needed new homes and facilities for local people as we return the area to its former glory.’
Stuart Lipton, who leads The Silvertown Partnership, added: ‘This is an important milestone for Silvertown. The decision by the Mayor of London ensures that this derelict and forgotten piece of east London is reinvented as a new creative hub for our capital – drawing the world’s best creative talent, most ambitious start-ups and most innovative businesses – to make, show and share.
‘This energetic and exciting new London destination will also bring forward 3,000 new homes, thousands of jobs and long term benefits for the local and London economy.’