(Image taken from the excellent Telegraph.co.uk article about Vauxhall Square, which you can read over here)
CLS have this morning revealed their intention to advance an 850,000 square foot development on a 2.9 acre site in Vauxhall. They have an informative website which enables you to comment on the current Vauxhall pedestrian experience and you can see additional images of the proposed site. The scheme would comprise two "twin towers" (both exceeding 40 storeys) and a huge public square. Included within the proposal is some form of giant walkway, which would allow pedestrians to cross the Vauxhall gyratory. The grand plan includes 240 units of student accommodation, a 300 bed hotel, 400 apartments, 80,000 square feet of retail space/restaurants and a 6 screen cinema. This development has been named Vauxhall Square and is intended as a gateway into the new Nine Elms and Battersea area.
A public exhibition for the Vauxhall Square development will take place next weekend(!) on Friday 11th February (10:30 - 20:00) and 12th February (10:00 - 14:00) in the neighbouring Market Towers building (1 Nine Elms Lane), and a planning application is expected to be submitted in late 2011. The building is hoped to be completed by 2017 (all very ambitious, considering the planning application has yet to be submitted). VoHo (ha!) residents will be delighted to note that CLS's MD, Richard Tice, is expecting the development to "establish the area as the next major
The development appears to involve the demolition of a building currently on the site and I've marked its approximate position on the map below. Vauxhall Square is marked in blue and I've added Vauxhall Island site (in green) to show context:
This proposal should not be confused with the other four Vauxhall schemes; Vauxhall Island site (submitted, awaiting approval), Bondway Vauxhall (pending enquiry result), Vauxhall Sky Gardens (approved) and Vauxhall Tower (approved),
CLS are the firm responsible for purchasing 100 Tyers St from Vauxhall Gardens Community Centre and relocating it, a positive development for the Community Centre.
And finally, a quick "hello" to all of the traders who will likely drop in this morning to check whether CLS stocks have increased in value. [Edit 13th February... they did! By a considerable amount and probably will some more tomorrow.] I'm sure those shares will now be uber valuable, and so would encourage you to continue to invest in the UK property market, which is likely to be close to the bottom at present.