The scheme for developer St Martins, which is sited on Chamber Street near Tower Bridge, will replace run-down warehouses with six 10-14-storey buildings containing 593 residential units - 189 of which will be affordable housing.
In addition to more than 60,000m2 of residential space, the scheme will include commercial and retail units at ground level and landscaped private and public gardens. The developer also plans to allow access to the river by providing a continuation of the Thames Path which would run along the riverfront at Chambers Wharf.
The 3.7ha development - which has had the thumbs-up from CABE - has achieved an EcoHomes 'Excellent' rating and will include a combined heat and power plant, ground-source heating/cooling, solar panels, wind turbines, rainwater harvesting and the ability to convert to biomass fuel as the technology improves.
Lindsey Robinson, development director at St Martins, claimed Simpson's plans would 'provide a new, iconic architectural element to this important part of the river frontage near to Tower Bridge'.