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Developers Submit new Battersea Plans-
The largest ever planning application in central London will be submitted today when Ireland's Real Estate Opportunities and Treasury Holdings unveils a radical blueprint for the long- heralded redevelopment of Battersea Power Station. The London landmark on the south bank of the Thames - famous as the subject of a Pink Floyd album cover - may be turned into flats, shops, offices and restaurants as part of a £5.5bn redevelopment submitted to Wandsworth council. The building's four white chimneys and two turbine halls would be restored as part of plans by architect Rafael Vinoly, who is known for designing the Curve Theatre in Leicester. The power station has not been in use since 1983 and has stood empty. The proposed development would include 3,700 homes, 1.6m sq ft of office space, 700,000 sq ft of shops and restaurants, a hotel and community facilities. The plans would help to regenerate one of the last remaining derelict areas along the river. There have been some concerns that the plans are too ambitious. Some property experts have said that the credit crisis could create obstacles, although Boris Johnson, London Mayor, has indicated that he is ready to support "in principle" an extension of the Northern Line underground line to the power station. The extension would provide a vital transport link Battersea is one of the only areas in central London that does not have its own Tube station. The Nine Elms region of Battersea, where the station is situated, will soon become the new home of the American embassy. |
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