Along the Thames, south of the river, rejuvenation is taking place, like a phoenix rising- ‘new London’ is emerging. Historically, north of the Thames has always been more desirable, its popularity tangible just by glancing at a tube map; one can see the connectivity north of the river is incomparable to the south; with more than 200 tube stations north, the south has only around 30 tube stations.
But there is a transformation occurring, long gone is the wasteland and Oliver Twist characters associated with the geography of the area, and in its place an exciting new cultural hub, set to thrive. Apartments spanning from Wandsworth to Woolwich are seeing professionals and investors flock to the area. Largely credited with the development of Canary Wharf, the creation of the Jubilee Line, the Docklands Light Railway and the London overground. One area of particular interest is that of Nine Elms, below we take a look why…
Situated between Vauxhall and Battersea in the borough of Wandsworth, there are a number of exciting developments taking place in the area, including the Tower, Merano, the New Covent Garden Market and the New Thames Bridge. London’s Mayor Boris Johnson estimates that the regeneration will create around 24,000 more jobs and 18,000 new homes.
Historically home to timber yards, gasworks and breweries, Nine Elms now looks set to be a destination filled with restaurants, boutiques and green parks, with foodies drawn to the New Covent Garden Market. It is thought the area will house concerts, exhibitions and fashion shows and with the Tate Britain very close it is the perfect location for a cultural exchange of the arts.
The New Covent Garden Market received planning permission for its development last year. The wholesale market has been a focal point for the capitals fruit, vegetables and floral trade since 1974. The 10-year project will cost roughly around two billion pounds, and will seek to put it on even footing with London’s other famous food market- London’s Borough Market. There will be 50,000 square feet of market space, with a new dedicated food quarter focused on attracting new visitors. The New Covent Garden Market currently homes 200 businesses, with at least 2,500 people employed.
Battersea Power Station is an iconic building and it’s development therefore all the more exciting, with it seeming to draw a great deal of interest from investors. The London landmark looks set to be completed in 2016, originally built in the early 1930’s, the power station closed in 1983; it’s now set to be developed into apartments, shops and offices.
The New Thames Bridge will be a pedestrian and cycle bridge that will adjoin Nine Elms to Pimlico across the river. The exhibition, showcasing some of the 70 plus entries that were received, took place at the end of last month in the area (one of the entries can be seen on the left). The designs include the incorporation of waterfalls, lights and are aesthetically pleasing as well as functional, and whatever the final design chosen it is sure to become a London landmark of the future.
Other notable developments set to take place within Nine Elms include The Tower, a residential building standing at 590 feet high; it will become one of Europe’s largest residential buildings. With a focus on sustainability and lowering environmental impact, the 56-storey tower has wind turbines on its roof.
Merano, once an office block in the 1960’s, will also house a range of new apartments, 34 in total, the 11-storey high rise building has a private sky garden and prides itself on the privacy of its tenants, it also boasts Harrods concierge as its service staff.
This area, once previously neglected, is a perfect location to explore the city, the Houses of Parliament are within walking distance and with a new tube station set to open in the area by 2020, it will be easier than ever to connect to other boroughs. Nine Elms was once associated with vagabonds, prostitutes, and pickpockets but is now likely to be known for its flash residential areas and as a hub for overseas investors in the future.