A £3.5 billion London Docklands regeneration scheme has been given the go-ahead.
Newham Council gave the green light to the planning proposal for Silvertown Quays, in the Royal Docks area.
Construction will start in early 2021 with around 1,000 homes built in the first phase of the development. At least 20 percent of the new housing will be designated as affordable.
Regeneration 2 decades in the making
Plans for Silvertown Quays were first revealed more than two decades ago. The area’s industrial history dates back to the Victorian era. However, it has not been in use since the mid-1980s when the Royal Docks closed.
The new project will involve returning abandoned buildings to use. These include a landmark known as the Millennium Mills and a concrete grain store called Silo Do, which was built in the 1920s and is now a listed building.
Other plans include creating a public space called Mills Square and a new public park.
Historic waterfront site
The Docklands regeneration project has passed through a number of hands. Now it is in the hands of Australian developers Lendlease and US investors Starwood Capital.
Graham Stark, Lendlease’s project director, told the Evening Standard: “We are really looking forward to crafting and delivering a new part of London at this historic 63-acre waterfront site in the heart of the Royal Docks.
“The opportunity to bring the iconic Millennium Mills building back to life as part of the first phase of Silvertown Quays is hugely exciting.
“It is a site that already benefits from good transport connections, which will be further improved when Elizabeth line services begin at Custom House.”
The new-look Silvertown Quays will take shape over the next 15 years. The site will eventually include seven million square foot of residential and commercial spaces.
It is one of several major regeneration projects taking place across the capital.