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A £1 billion scheme will create a bustling new community close to London’s South Bank.
The gap between South Bank and Tate Modern is to be transformed when the ambitious new project gets underway.
The current vibrant South Bank ends at Blackfriars Bridge, where pedestrians then have to use an underpass to reach the Tate Modern gallery and its environs.
Eventually pedestrians will be able to walk from the London Eye right along the Thames to the Tate Modern.
The huge new project will extend the dynamism of the South Bank to include the area on the other side of Blackfriars Bridge.
A report in the Evening Standard notes that the first phase of the project, at Bankside Yards, has already started.
This initial stage will involve 240 homes and an office building in a 49-storey tower. Shops and restaurants will be houses in a row of railway arches that are to be renovated.
The next phase of the project, devised by developer Native Land, will include more homes and a hotel alongside open space.
Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]