Delancey is drawing up plans for a 200,000 sq ft life sciences and technology building in London’s Knowledge Quarter, N1.
It will submit plans to Islington Council after the final consultation has concluded earlier this week.
The developer owns a portion of the land at 176-178 York Way, which comprises an 8,564 sq ft warehouse, 8,174 sq ft yard, a former petrol station forecourt and rental car building. The council owns the other portion.
Delancey has entered into an option agreement with the council and has full control of the land.
The site has remained largely unoccupied because tunnels located directly below the site – three Network Rail tunnels and two Piccadilly Line tunnels – have made development difficult. Delancey, along with its consultant team, has come up with innovative solutions to these challenges.
The new development, designed by KPF, will include 130,000 sq ft of laboratory facilities, a 14,000 sq ft communal hub, 13,000 sq ft of affordable workspace and a pocket garden.
Delancey expects about £18m of total social value to be generated across the development’s lifetime, including employment, training and improvements to the wider area. The scheme has a gross value add of around £58m.
If approved, the developer expects to start on site next year with construction to complete in 2027.
The project team includes Kanda Consulting, Portland, DP9, Gardiner & Theobald, Arcadis, Arup, and Savills.
Image © KPF
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