Terry Farrell has launched a ‘pragmatic and incremental’ solution to the ongoing saga of Battersea Power Station’s redevelopment
The project has been launched amid intense speculation over the future of £5.5 billion plans by Rafael Vinoly for the Grade II*-listed building and 15 hectare riverfront site.
Real Estate Opportunities, the majority site owner, must repay £324 million of debt by Monday (12 Monday) or face parts of the project going into administration.
Farrell’s vision marks the latest architectural attempt to inject life back into the development and comes a week after REO announced it must repay its debts.
Chelsea Football Club has already hired developer Almacantar and KPF to work up plans for a 60,000 seat stadium on the site however images have yet to be revealed.
Aiming to challenge the ‘bigness’ which is thought to have so far stymied the development, Farrell’s proposal would see much of the power station demolished leaving only the front and back elements and their chimneys.
According to Farrell, around the ‘simple and beautiful finished monument’ would be housing and parkland. An open colonnade screen would connect the two flank walls with the area between the ‘monuments’ being roofed over and redeveloped at a later stage.
The Northern Line extension would be replaced with a surface tram link or a shuttle bus service to nearby Vauxhall station, but could be built later on.
Farrell said: ‘We have to learn lessons from the problems that have thwarted previous attempts to redevelop this much loved landmark.
‘This is a pragmatic and incremental approach to enable the redevelopment of this famous landmark sitting in one of the largest and most valuable regeneration sites in Central London. In many ways, this strategy is already on its way to being realised as there is one long flank wall missing as well as the roof itself.
‘It is not the first time the power station would have been taken down and put back together again. Not many people know that the chimneys were removed during the Second World War to prevent them being targets for German bombers before being replaced.
‘The key to this strategy is that it will be, and will be seen to be, complete at each stage so that the redevelopment project can get started and make positive and rapid progress.’