LBS Properties has secured planning permission at appeal for a 48-storey mixed-use development adjacent to Canary Wharf at Cubitt Property's 225 Marsh Wall.
Planning consent for the £230m scheme was granted by Tower Hamlets planners at appeal following a public inquiry. LBS marginally reduced the number of units and increased the affordable housing provision. The development at 225 Marsh Wall on the Isle of Dogs will see the existing office building demolished and replaced with a 49-storey block. It will contain 332 new homes, 71 of which will be affordable. The design from Make Architects also includes 10,000 sq ft of mixed-use commercial space. In addition to the mixed-use tower, the approved scheme will have landscaped public realm at ground level linked to the extensive landscaped gardens at The Madison.
Nick Crawford, managing director at LBS Properties, said: "We are delighted to have received planning permission for this significant development, that will provide high-quality new homes, commercial space, and extensive public realm, contributing to the evolution of the South Quay area as an attractive place to live and work. It will combine with The Madison, due to complete in 2020, to provide a new public square for Marsh Wall East, and over 750 new homes in two slender towers".
Forsters and Russell Harris QC acted for Cubitt Property and LBS Properties.