Canary Wharf Group has submitted revised plans for a 3.8m sq ft scheme on the North Quay site at Canary Wharf, E14.
The new proposals, designed by Allies and Morrison, comprise 1m-2.5m sq ft of office space, up to 1.6m sq ft of residential space and up to 640,000 sq ft of retail, leisure and community space.
The plans will also open up inaccessible dockside by creating a 250m-long promenade.
However, CWG is aiming to retain flexibility within its outline planning permission.
North Quay, which is adjacent to Crossrail’s new Elizabeth Line station on the north side of Canary Wharf, is the largest undeveloped site remaining at Canary Wharf.
It also sits to the west of Billingsgate Market, which the City of London Corporation is looking to relocate further east to the former site of the Barking Reach Power Station.
Sir George Iacobescu, executive chairman of Canary Wharf Group, said: “North Quay is a unique location and one of the largest single development sites in London. Our plans offer a great new place to work and to live, with extensive public realm, high-quality retail and new connections, next to a brand new railway station.
“In a dynamic and unpredictable world, the extensive flexibility in this plan will enable us to respond quickly to market demand within a framework agreed with the local authority.”
CWG previously submitted a planning application for a 3.65m sq ft mixed-use project in May 2017. This Foster + Partners-designed scheme included four office and residential towers, rising up to 60 storeys. It was withdrawn at the end of 2017.
A report from Tower Hamlets Council on the revised plans in January noted that Deutsche Bank’s decision not to prelet the office space at North Quay for its new headquarters had “cast doubt on the deliverability [of] such a substantial office component”, while the amount of affordable housing in the 2017 scheme had been “significantly below” the council target.
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