Treasury Holdings has unveiled its revised plans for a £4bn redevelopment of south
The Irish developer and Uruguayan architect Rafael Vinoly have reworked the plans after initial proposals for a 250-metre “eco-chimney” were dropped.
The scheme now envisages a green roof and residential apartments topping off Giles Gilbert Scott’s iconic Grade II power station, with a series of medium-rise stepped terraces on either side.
Adjoining buildings have a maximum height of 67m, level with the shoulder of the base of the famous chimneys which remain in tact.
The art deco landmark power station will be developed as a carbon neutral building run on bio-fuel and converted into offices, shops, restaurants and homes as well as an 2,000-seat auditorium for conferences and concerts.
Around 600,000 sq ft of offices will be developed in the top six storeys of the station, offering 80,000 sq ft floorplates.
The proposals also include around 3,700 homes alongside a six acre riverside park, a hospital, hotel and market square.
The office content has been scaled back from an initial 2.5m sq ft to 1.5m sq ft.
Rob Tincknell, managing director of Treasury Holdings UK, said the adjoining buildings had been designed to create a modern update of London’s “famous terraces”.
The development also includes extending the Northern Line to the site by 2015 – the first privately funded extension of the Tube.
Tincknell said the group has received very early expressions of interest in investing in the project from sovereign wealth funds.
The scheme will be developed in five phases with the first two-year phase focusing on a 600 apartment terrace and restoration of the station.
Work will then beginning on redeveloping the station, which it is proposed would be ready for occupation by the time the tube opens in 2015. The plans are due to be submitted to Wandsworth council this July.
If approved, work on the scheme would start late next year and be completed by 2020.
