U+I has been granted planning permission for its £770m Morden Wharf scheme.
Last night the Greenwich planning committee resolved to green light the 19-acre scheme, a joint venture with Morden College, which will deliver up to 1,500 homes, 200,000 sq ft of warehousing and 50,000 sq ft of shops.
The scheme, designed by Dutch architecture firm OMA, will also feature a brewery and more than six acres of public realm, including a four-acre landscaped park along the River Thames and a beach.
U+I CEO Richard Upton, said the plans would “open up 275m of Thames riverfront” and provide “much needed new homes, innovative office and creative space, as well as beautiful green landscape and community space”.
The company believes the development will add £42m of socio-economic value to the local community each year.
U+I has already agreed a lease with Brew By Numbers for a new brewery and taproom to be located in an existing warehouse on the site. It will open with a Riverside Beer Festival this weekend. The warehouse is on the site of an old pub, The Sea Witch, which was destroyed by a bomb during the Second World War.
MDM Props, which makes art and props for films, has renewed its lease to remain in the warehouse, which will be further refurbished.
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