Foster + Partners and Neil Tomlinson Associates have submitted outline plans for the redevelopment of New Covent Garden market in Nine Elms, south London
The 2,450 home scheme includes a wholesale fruit and vegetable market, commercial space and a food centre.
Site owner Covent Garden Market Authority (CGMA) launched the project as part of a bid to modernise its trading facilities and has shortlisted Bouygues UK with Carlyle Group and St. Modwen Properties with Vinci as potential development partners. The selected bidder will be announced in spring 2012.
CGMA chair Brenda Dean said: ‘We are delighted to have two such high quality bids from exceptional companies capable of delivering.
‘The time, effort and money already invested by these companies in reaching this stage, together with the robustness of the bids themselves, demonstrates without question that our vision is deliverable at no expense to the taxpayer and is an attractive proposition for the private sector which is vital for this development to be bought forward.
‘Together with the submission of the planning application materials to Wandsworth Council, it has been an excellent week in which to celebrate the 50th anniversary of the Authority and it is a pleasure to Chair the organisation through such exciting times.’
Submitted to local authority Wandsworth Council, the outline planning application seeks permission for 347,000m² of development close to Kieran Timberlake’s proposed new American embassy.
Foster + Partners has designed the ‘northern site’ which currently hosts a flower market but would be transformed to feature a new park and three towers of between 25 and 47-storeys.
Neil Tomlinson designed the remainder of the masterplan including the redevelopment of the market’s wholesale trading facilities, housing on the site’s periphery and a public-facing food retail area.