Market-to-affordable housing split of 60%/40%.
This ambitious project, masterminded by renowned architects Farrells, is set to transform the former SGN gasholder site into a vibrant residential hub. Located in SE15 1NZ, within the Old Kent Road Area Action Plan (OKR AAP), the development is currently in the pre-approval stages with Southwark Council.
The proposed development comprises two striking residential towers, standing 30 and 40 stories high. These towers will deliver nearly 700 new homes, maintaining a market-to-affordable housing split of 60%/40%. The design respects the site's industrial heritage by incorporating the listed gas holder no. 13 into the scheme, which will be restored and integrated into the planned extensive public green space.
As part of the larger Old Kent Road Area Action Plan, the development aims to enhance the community by offering not only housing but also employment opportunities, community facilities, and open spaces. The restoration of the historic gas holder into a public area is a testament to the development's commitment to preserving history while providing modern amenities.
This development benefits from its strategic location within the Old Kent Road Opportunity Area, set to be further enhanced by the Bakerloo line extension. This major transport upgrade will significantly iamprove connectivity, linking Old Kent Road with key destinations across London, thereby boosting the area's appeal and accessibility.
With the backing of Farrells' architectural expertise and Avanton's development experience, this project is poised to become a landmark residential and community destination. Its integration of historical elements with contemporary design and infrastructure promises to make it a highly desirable living and investment opportunity.
For more information and to stay updated on the project's progress, prospective residents and investors are encouraged to keep an eye on the developments with Southwark Council and local planning authorities.
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The project features a housing split of 60% market-rate homes and 40% affordable housing, ensuring a diverse and inclusive community.
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