The plans will provide 410 homes for market sale in two 50 storey towers as well as 110 affordable homes, 22,700 sqm of offices, 3,100 sqm of retail, a 278 bedroom hotel, a 123 suite hotel, a 50 bedroom homeless hostel, 359 student rooms, and a multi-screen cinema together with community facilities and a substantial new public square.
The site is at the heart of the Vauxhall Nine Elms opportunity area, between the Vauxhall transport interchange and the new US Embassy.
Construction of the scheme is expected to begin in 2015 and CLS say they will now progress discussions on phasing, design, pre-letting and funding options. The cost of the scheme is expected to be in excess of £500 million.
Chief Executive Officer of CLS, Richard Tice, commented: “The project is expected to create over 5,000 construction jobs, 2,000 permanent jobs, and deliver more than £500 million of inward investment into the Vauxhall area.”