London developer-investor First Base Partners has partnered with US-based Starwood Capital Group to develop a major residential-led mixed use development on Tower Bridge Road in Southwark.
London developer-investor First Base Partners has partnered with US-based Starwood Capital Group to develop a major residential-led mixed use development on Tower Bridge Road in Southwark.
The site, which currently comprises 185,000 sq ft (17,000 m2), will include a major residential component, along with underground car parking and a significant amount of commercial space.
The joint venture has appointed design firm Arney Fender Katsalidis to guide the design of a residential-led scheme, with the additional goal of creating a new public square and offices. The site has a gross development value in excess of £100 mln (€136 mln).
First Base has already partnered with Starwood Capital Group on Ashchurch Villas, a high-end residential development in Ravenscourt Park comprising 15 family-sized, 4-bedroom houses and seven 3-bedroom mews houses.
'This is a hugely exciting project for us, and an opportunity to revitalise the existing site to create a sustainable mixed-use scheme that responds to the diversity and heritage of the area,' commented Barry Jessup, Director at First Base.
