Updated: Nov 18, 2019
# New developments
At Canary Wharf 3,600 new homes are being built on the Canary Wharf Estate, shifting the local balance away from offices for the first time since the area was developed in the Eighties. The first site, a 42-storey tower, 10 Park Drive, appears to have gone down well with buyers despite steep price tags. The last 75 homes of a total of 345 went on sale late last month. Prices start at £880,000.
At Surrey Quays most of the new homes are in the future. Housebuilder British Land owns a 46-acre development site and is planning a £4 billion project featuring 3,000 homes.
There will also be two million square feet of workspace, plus a million square feet for shops, leisure facilities, restaurants and entertainment. Southwark council is currently considering the proposals.
At the Royal Docks a £3.7 billion rebirth is just beginning. Over the next few years this defunct industrial site will start to transform into a modern new neighbourhood with bars, restaurants, public squares and gardens. There will be offices, galleries and cultural venues, sporting facilities, new schools and — of course — new homes.
Royal Wharf, overlooking the Thames Barrier, a 40-acre wasteland will eventually contain 3,385 riverside properties with homes for an estimated 10,000 Londoners, as well as a market square lined with bars, restaurants and cafés, and a high street of shops.
Residents will also have a leisure centre, while almost half of the site is dedicated to open space. The latest tranche of three- and four-bedroom mews house-style homes went on sale last month, priced from £725,000
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