Canary Wharf Group has unveiled plans for Wood Wharf, a new urban regeneration project in London, where the group plans to develop the former docks site by redeveloping a 23-acre site into five million ft² of mixed-use space.
New workspaces for entrepreneurs and innovative businesses are set to bring 20,000 jobs to the region. Wood Wharf has been planned to be a new part of London and large cluster of tech and creative businesses in the UK.
The multi-billion-pound development is expected to generate £2bn gross value added from new jobs and £199m into the local small business economy.
Architects and designers, including Allies and Morrison, Allford Hall Monaghan Morris, Pilbrow & Partners, Herzog de Meuron and Heatherwick Studio, have been selected to create a vibrant 24/7 urban environment with distinctive architectural appeal.
Canary Wharf Group chairman and CEO George Iacobescu said: “Canary Wharf Group has reinvented London’s business landscape once, and with Wood Wharf we intend to do so again for the era of fast growth tech and creative businesses.
“With the intention of creating 20,000 jobs, this will be a major investment into London’s infrastructure and a home for the people shaping the future of this great City.”
Wood Wharf will provide up to 3,600 new homes, 2.8 million ft² of office space, 490,000ft² of retail space and more than eight acres of public spaces, squares and parks.
A GP surgery and a two-form primary school for 420 children will also be established.
The development will also include open spaces and waterside walkways to running trails and independent retail boutiques.
The buildings will feature external terraces and dual power supplies, while targeting BREEAM ‘outstanding’ and WeLL certification.
Ennismore, owner of The Hoxton Hotels group, and The Office Group have already taken more than 180,000ft² at Wood Wharf.
Designed to meet Canary Wharf Group’s sustainability standards, Wood Wharf will be targeting zero-carbon and zero-waste. Around 25% of the 3,600 residential homes will be affordable housing.
Image: Wood Wharf urban regeneration project in London. Photo: Courtesy of Canary Wharf Group PLC.