The London Borough of Southwark has greenlit an innovative residential project in Rotherhithe, paving the way for a significant urban redevelopment.
- Plans include a 16-storey tower with 216 shared living units and a separate 10-storey building offering 24 affordable flats.
- The development also features 1,500 sqm of commercial space aimed at enhancing local business and community activities.
- The project promises to address London’s pressing need for affordable housing while revitalising the local area.
- Strong community support underscores the engagement and communication efforts spearheaded by the developers, SoCo Real Estate and Blue Coast Capital.
The London Borough of Southwark has approved an ambitious residential development in Rotherhithe, spearheading a transformation in the local urban landscape. The project, a collaboration between SoCo Real Estate and Blue Coast Capital, has successfully obtained planning permission for a purpose-built shared living and affordable housing scheme at the former City Business Centre site at St Olav’s Court.
Designed by the architectural firm Studio Multi, the development will feature a 16-storey tower comprising 216 shared living units. Complementing this is a separate 10-storey building, dedicated to providing 24 affordable flats, that seeks to make a tangible impact on Rotherhithe’s housing market. Notably, the scheme also integrates 1,500 sqm of commercial floorspace within the shared living building, strategically positioned to boost economic activity and community engagement.
Matthew Weiner, former chief executive of U+I and co-founder of SoCo, expressed enthusiasm about the project, highlighting its potential to create a more inclusive and equitable living environment. He stated, “We are delighted that Southwark Council shared our excitement to bring forward a scheme that has huge benefits for the local community, as well as being at the forefront of design for living.” The project aims to alleviate the demand for family housing in London by introducing well-considered, communal living spaces.
The developers have made significant strides in community engagement, an effort that was acknowledged and praised by local representatives such as Barry Duckett, Chair of the Canada Estate Tenants’ and Residents’ Association. Duckett, who spoke in favour of the development at the planning committee, described the engagement process as exceptional.
With construction scheduled to begin in 2025, this project promises not only to increase the housing supply but also to enhance the socio-economic landscape of Rotherhithe.
The Canada Water shared living scheme marks a forward-thinking approach to urban development, merging community needs with innovative housing solutions.
