£2BN revamp set to make Canada Water the cool neighbour of Canary Wharf
The proposed regeneration plan of Canada Water includes the creation of 3,500 new homes, a new high street, shops, restaurants, and two million square feet of workspace. Forty new buildings ranging from towers of up to 50 storeys and buildings up to 6 storeys high will set the tone of the new development.
The first phase of the project is set to be completed in 2020 with the delivery of 650 new homes. Canada Water has seen many regeneration attempts over the last few years going astray. This time, British Land, the big development player has plans to regenerate the whole 46-acre strip between Southwark Park and Russia Dock Woodland. Over the next 15 years, Southwark council hopes to transform Canada Water into a cool waterside community. The possibility of King’s College opening a new campus in Canada Water will certainly upgrade the area.
“Starchitects” Maccreanor Lavington and Stirling Prize winner David Chipperfield have been recruited to design the ambitious plan that will comprise of 5.5 m sq. ft. mixed-use space.
Smart design in all buildings and a special attention to green spaces will create a network of living streets and waterways to reflect the area’s water heritage. Printworks, a multipurpose 6,000-capacity music and arts event, the Surrey Docks Fitness and Watersports Centre where activities include sailing and kayaking and the Southwark Park with football pitches and free tennis courts, only include few of the open community spaces that will be enhanced by the £2bn development.
Reaching Canada Water has never been easier since there are two Zone 2 stations -Surrey Quays and Canada Water, plus riverbus services to Canary Wharf. What’s more, there are also plans to “decorate” the sparkling waterfront with the longest drawbridge in the world connecting Canary Wharf to Rotherhithe. The developers’ team will opt for a strong identity by creating something memorable and real for people to experience cohesion and a sense of community.
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