Tall buildings cluster in Vauxhall not done yet

Vauxhall is fast becoming one of the biggest clusters for tall buildings. After the City of London and Isle of Dogs, Vauxhall arguably comes next, with Stratford and Croydon not far behind.

Here’s a render of what the future Vauxhall skyline could look like in years to come.

vauxhall cluster10

Another which may just about feature in the above view is this site. A planning application has just been submitted for a 36 storey tower on Wyvil Road, in between the topped out Vauxhall Sky Gardens and the soon to start (currently being demolished) Keybridge House. The developer is thought to be Alchemi who acquired the site last year, at a price understood to be over £30m.

In 2015 when they acquired the site, planning consent was in fact already in place for a 37 storey tower of 219 homes. The new plans are for a very slightly shorter 36 storey tower, but with 272 new homes, a fairly substantial uplift. 58 affordable homes will also be provided, up from the previous plan of 44.

Consent for the previous proposal was granted by Lambeth Council on 11 November 2014. EGi News then ran an article just 10 days later, stating the site had been put up for sale through agents Cushman & Wakefield. This would suggest the original plans submitted by Wyvil Road Ltd (a joint venture between K2 Property and Network Rail) were never intended to be built out by the applicant.

As the site plan reflects below, the small awkward site abuts the railway line as well as other high-rise sites. Therefore it looks as though Alchemi have done well to find a site which was set up to extract maximum value by its previous owners, and through good design have managed to add value (if all goes well through planning). It’s not just more homes they’ve managed to squeeze on to this plot, they’ve also proposed a substantial uplift on the commercial element too, both offices and retail.

12-20 wyvil road

 

12-20 wyvil road2

The previous proposal vs the new design.

12-20 wyvil road6

 

 

About Paul Wellman

Follow Paul for commentary and updates on the London Residential Market on twitter here @PaulWellman_EG

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