More than 3,000 homes could be built in Canary Wharf as its owners look to reduce the ghost town feel the district has at evenings and weekends.
The financial centre, which is home to banks and professional services firms such as Barclays, HSBC and JPMorgan, aims to attract more diverse occupants, after the recession reduced demand for office space and left some floors of district’s skyscrapers empty.
Songbird Estates, the majority owner of the Canary Wharf group, wants to build a neighbourhood of homes, offices and shops to attract a broader spectrum of tenants.
If planning permission is approved, a 20-acre site next to the main estate, known as Wood Wharf, will be the location of 3,100 homes, ranging from affordable housing to luxury penthouse apartments. The site will also include 2.57 million square feet of offices and more than 100 shops, as well as a primary school and healthcare facility.
One of the buildings currently planned is a striking cylindrical residential tower designed by Swiss architects behind London’s Tate Gallery and the Beijing National Stadium, Herzog & de Meuron.
Planners aim to start construction in the first quarter of 2014, with the first buildings completed in 2017.