DEVELOPER
Peabody Trust
LOCATION
10 acre brownfield site in north of borough of Kensington & Chelsea, London W10, next to canal. Previously derelict for 30 years
STAGE
Outline planning consent received in 2002 after 7 years negotiation. Under review to increase residential density and change light industrial uses to studio office use and live/work
SCALE
Proposal is 40 live/work units in a mixed use building
TENURE
Mixed private sale, shared ownership and social rent. Live/work units planned as 80 square metres to be sold on long leasehold
FUNDING
Peabody Trust Development Finance
PARTNERS
British Gas is landowner, CZWG as long running masterplan architects, Royal College of Art Sculpture School, managed workplace specialist, informal partnership with Westbourne Studios in nearby Westbourne Park
TARGET MARKET
Micro businesses that wish to be located in W10 area. Waiting list of small businesses that want to be based in W10 and rent at nearby Westbourne Studios is extensive
DEFINING FEATURES
15 storey tower at gateway, sweeping down to 7 storeys, providing slope to fit largest array of solar panels in mixed-use scheme in the UK. Spread of demand through the day from mix of residential and commercial use is important to the use of solar power. Preletting part of site to RCA Sculpture School will establish strong art focus. If grant funding can be secured, would mix long leasehold studios with rented and shared ownership ones
'Learning from the lessons of both the rented West Ferry live/work scheme and the live/work for sale at Raines Dairy, we propose a larger number of live/work units - 40 in a mixed use building. To provide business services and a buzz, we propose a 200 square metre managed workspace on ground floor alongside a restaurant coffee shop. The quality of the scheme - the two restored canal basins and an enhancement of the canal side - will provide high quality public spaces. These can create a new "place" for W10 and counteract its off-pitch location. The huge investment this requires will be funded by residential rather than commercial' says David Tannahill
CONTACT
David Tannahill, head of commercial initiatives, Peabody Trust