DEVELOPER
Tower Properties
LOCATION
Crown Wharf, Fish Island, London borough of Tower Hamlets
STAGE
Phase one complete, phase two will be finished 2004
SCALE
86 live work 90-120 sq m
DIVISION OF LIVE/WORK SPACE
60: 40 per cent work/live space
GETTING PLANNING CONSENT
Live/work development was a key element in the development framework drawn up by the Leaside Regeneration partnership for Fish Island where 22 per cent of the low density industrial space was vacant. The aim was to use live work to bring fresh investment into the area. Despite this policy support, Tower Hamlets planners were concerned about the loss of work space as a result of which they stipulated in the planning consent that the building should be specified to take a wide range of work uses (see below)
FUNDING
Privately funded
TARGET MARKET
25-40 year olds, design-conscious design, media, IT and related industries. Some firms looking for showroom/office space close to central London
NETWORKING/CLUSTERING?
Developed pedestrian courtyard through the middle of the development
VIABILITY
First phase all sold at prices ranging at £230,000
TENURE
For sale
EMPLOYMENT IMPACT
Aim is to create one to three jobs per unit
DEFINING FEATURES
The scheme has been designed so that it can take a very wide range of work uses with heavy duty lifts and floors able to take up to 2.5 kilonewtons.
CONTACT
Paul Latham (architect), director The Regeneration Partnership or 020 7247 6520