:
UK: Tower Hamlets Council has granted permission for a new 54-storey residential tower in Canary Wharf to provide 820 homes as part of a large mixed-use development.
The 77 Marsh Wall scheme is being developed by Areli Developments on behalf of British Airways Pension Trustees. Once completed, it will become Canary Wharf’s third tallest building.
The development will feature 238 co-living units, 316 build-to-rent (BTR) apartments and a 266-room aparthotel. Among BTR homes, 38 per cent will be affordable, 96 of which will be for social rent and 25 for intermediate rent, while 195 will be on the private market.
The design for the tower has been made by Patel Taylor and it will be placed on top of a three-storey podium. The lower floors will offer approximately 4,000 square metres of retail, leisure and workspace areas, as well as a cinema and cycle storage.
The plans also include new public spaces, including a dockside garden and community gardens, to improve the surrounding area.
To make way for the development, the existing 17-storey Sierra Quebec Bravo office building, which was built in the early 1990s, will be demolished.
The approval is Areli Developments’ fourth major residential planning consent in the past year. The company now has planning permission for nearly 3,000 homes in its development pipeline.
Highlights:
- Tower Hamlets Council has approved the 77 Marsh Wall development, a 54-storey mixed-use tower in Canary Wharf with 820 homes and a 266-room aparthotel.
- Areli Developments will deliver 238 co-living units, 316 build-to-rent apartments and affordable housing, with 38 per cent of BTR homes allocated below market rates.
- Designed by Patel Taylor, the development will include 4,000 square metres of retail, leisure and workspace, alongside a cinema, cycle storage and public gardens.
- The approved scheme will replace the existing 17-storey Sierra Quebec Bravo office building and become Canary Wharf’s third tallest tower.
- The 77 Marsh Wall approval expands Areli Developments’ consented pipeline to nearly 3,000 homes following its fourth major residential planning approval within the past year.
