Canary Wharf unveils New Wood Wharf plans

Canary Wharf Group has revealed its plans for a major mixed-use scheme on Canary Wharf’s eastern edge.

The 22.8 acre New Wood Wharf neighbourhood will offer 3,100 new homes ranging from park-side townhouses and affordable housing to luxury penthouses in some of London’s tallest residential buildings.

The scheme, submitted for planning permission yesterday, will also comprise 2.57m sq ft of new offices focused on media, technology and telecommunications companies, as well as more than 100 new shops, restaurants and cafes, across 340,000 sq ft of space at street level.

The first phase of the scheme will include 884 residential units in three buildings, designed by Herzog & de Meuron and Stanton Williams, totalling 1,080,179 sq ft, and two office buildings totalling more than 216,000 sq ft, designed by Allies and Morrison. 

The developer said the revised masterplan will broaden Canary Wharf’s appeal as a working and living urban district. 

Sir George Iacobescu, chairman and chief executive of Canary Wharf Group, said the scheme “represents the continued redevelopment of East London almost 30 years after the original transformation of Canary Wharf began”.

He added: The revised masterplan will create a strong and complementary mix of uses, and provide new homes, offices and retail spaces set within a network of streets and public spaces, designed to support the social life of new residents, employees and the surrounding community.

Robert Maguire, project director for Wood Wharf, said: “With an extensive new network of public spaces and water’s edge boardwalks, the Wood Wharf masterplan places high quality public space at the heart of the design process.

“The principle achievement of the masterplan – the ‘glue’ which holds the neighbourhood together – will always be its well-considered network of streetscapes, squares, parks and water spaces.

“We are building a community that will both support, and be supported by, the success of Canary Wharf and the 110,000 people that work and visit Canary Wharf each day.”

If planning permission is granted, construction is expected to start in the fourth quarter of 2014, with the first buildings completed in 2017.