Keystone submits plans for £3bn Silvertown regen

Ex-Quintain chief executive Max James’ firm Keystone and the GLA have submitted plans for 5,000 homes at Silvertown’s £3bn regeneration project, Thameside West. The hybrid plans have seen the number of homes planned for the 40-acre site shrink from initial plans of 7,000 in an EIA lodged last April. They also propose 200,000 sq ft of employment space, 80,000 sq ft of retail, with a new primary school, a 1km walkway, two parks and a new DLR station. The hybrid application includes detailed proposals for the first phase of the development, which would see 500,000 sq ft of development comprising 460 mixed-tenure homes and 35,000 sq ft of workspace on the site of the former Carlsberg Brewery. The site is jointly owned by the GLA and James’ development vehicle Keystone, part of Silvertown Homes which was formerly controlled by Quintain, but not included in the sale of Quintain to Lone Star in 2015. Keystone and the GLA will develop the site together and have proposed that construction will begin in 2020. Keystone chief executive James said: “As one of the last major riverfront locations in London, the site offers a valuable opportunity to create a new community on the Thames with a genuinely sustainable mix of homes and workplaces aimed at a wide range of people living and working in this exciting part of London.” Thameside West is Keystone’s first major development. It will be one of the densest in the capital, in close proximity to Knight Dragon’s proposed 16,000 homes on 150 acres at Greenwich Peninsula and Ballymore’s Royal Wharf with 4,000 units on around 45 acres. To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette