Greystar revamps London Bridge plans
Greystar is to radically upscale plans for its student housing scheme in London Bridge, SE1.
Greystar acquired the site for £54m in April from Investream, with the benefit of planning consent for both a residential and student housing scheme. Both schemes envisaged a 31-storey tower known as “The Quill”, with either 470 student housing units, or 119 residential apartments.
New plans, recently gone out for consultation, now propose a 45-storey tower, providing 1,025 student rooms, as well as a 16,000 sq ft permanent home for the Migration Museum, currently situated in Lambeth.
Greystar is to radically upscale plans for its student housing scheme in London Bridge, SE1.
Greystar acquired the site for £54m in April from Investream, with the benefit of planning consent for both a residential and student housing scheme. Both schemes envisaged a 31-storey tower known as “The Quill”, with either 470 student housing units, or 119 residential apartments.
New plans, recently gone out for consultation, now propose a 45-storey tower, providing 1,025 student rooms, as well as a 16,000 sq ft permanent home for the Migration Museum, currently situated in Lambeth.
Consultation documents also state the scheme will deliver off-site affordable housing, £5m in contributions to the local authority and “provide a fantastic opportunity to design a landmark building which complements the new station”.
Michela Hancock, senior development director for Greystar, said: “Greystar is excited to be bringing forward these innovative proposals in an important and historic part of Southwark. This scheme will combine student-living with a permanent home for the Migration Museum.
“In addition, we will improve the public realm around the site and make the front of the building more accessible to the public.
Greystar currently owns and manages more than 420,000 homes worldwide, comprising multifamily, student accommodation and senior living.
The US behemoth, founded in 1993, entered the UK market in 2013, and now manages around 5,000 residential homes and a further 4,000 in planning or under construction, as well as around 4,500 student units across eight sites in Zones 1 and 2.
A planning application is expected to be submitted next month, with the building open and operational by September 2022. KPF is the architect.
Further regeneration
A stone’s throw to the east, CIT and Union Car Parks exchanged on a 0.6 acre development site in December. The site, also fronting St Thomas Street will soon become available, having been used as site offices by Network Rail for the redevelopment of London Bridge station.
Again, KPF have been appointed to draw up plans for a mixed-use development. An application is expected to be submitted later this year, and will likely feature further high-rise buildings.
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