A decision on a new London tower from Hong Kong private equity firm Gaw Capital and developer City & Docklands was deferred at this week’s Tower Hamlets planning committee meeting, following a request for a site visit.
The 4 & 5 Harbour Exchange, E14, scheme would replace the two office buildings currently on the site with a 52-story mixed-use residential-led building consisting of 450 flays, 120 of which would be affordable homes.
The scheme would also seek to create a podium level for 1,335 sq ft of retail space, 3,060 sq ft for community uses, 5,770 sq ft of creative space and 27,860 sq ft for amenity uses.
When recommending the project for approval, planning officers wrote: “It would make a significant contribution to the delivery of the council’s housing targets and address the borough’s identified housing need. In addition, several planning obligations would be secured relating to employment and skills training, carbon offsetting, and transport network improvements.”
Image © Cityscape
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