These now total nearly a million square foot. The building is scheduled to complete in Q2 of 2021. Once complete the whole estate, combining Canary Wharf and Wood Wharf will hold in excess of 16 million square feet of office space. Wood Wharf will be a multi-billion pound development and is expected to generate £2bn gross value from new jobs, add £199m into the local small business economy and generate 20,000 new jobs. Last Updated on January 4, 2021 by CanaryDevelopmentAdmin. Additionally, it is a designated car free development, so residents will be unable to obtain on street parking permits from Tower Hamlets council. Additionally, a network of boutique shops and cafes are planned off a central high street area known as the lanes. 5 such companies at their Level 39 tech incubator went from shared workspaces to requiring over 80,000 square foot office leases, including the now global fintech company. For people who want to get so much more out of where they work. Wood Wharf opened to its first tenants in February 2020 and then the pandemic hit demand, with a drop in the number of people moving in and making enquiries. of the most exciting evolutions in the Estate’s history has begun: the creation of a new neighbourhood, Wood Wharf. PRESS RELEASE: Canary Wharf Group Shares Roadmap to Accelerate London’s Economic Future. The impressive new neighbourhood blends living, working, and leisure upon nine acres of … Canary Wharf currently has over 35,000 employees based in the technology sector and supports over 200 start-ups. Wood Wharf Development. Newer developments from the group have instead focused on outside space. There are still high-rise buildings planned, but there is a much larger focus on having a diverse range of smaller tenants than the few financial conglomerates that dominate the Canary Wharf estate. Wood Wharf’s first arrival 10 Park Drive is the first new residential development to be built in Wood Wharf — The Canary Wharf groups new private residential estate. To try and combat this the Wood Wharf site will house a new primary school, currently planned for 420 children. By developing the office space in Wood Wharf with flexible floor plate sizes and configurations they aim to capture the needs of startup tech firms, that often start on a shoestring budget but can expand in size rapidly. Despite the success of the groups offering at Canary Wharf, Wood Wharf gives them a clean sheet to implement some of the lessons from their four decades on the peninsula. Vertus has been created to respond to increased demand for rental properties on the Canary Wharf estate. This trend was noticed by Allies and Morrison and in their new plan for Wood Wharf all of the retail units have been moved to ground level. There are several plazas and parks, but a significant portion of the waterside is hidden away behind large commercial units — and as a result — receives little footfall. In total, Wood Wharf provides 2.6 million square feet of residential accommodation. Martha Schwartz Partners is currently creating a master plan and landscape design for a new major mixed use scheme to complement the adjoining Canary Wharf estate. There are over 350m of waterfront walks planned within the Wood Wharf estate. Witness the next stage of the estate’s development - the regeneration of the Wood Wharf area. ... complementing the existing Canary Wharf estate, yet with its own distinct character. These are size and shape outlines, that other architectural firms brought in to develop individual buildings can work within. It is interesting to see a shift in focus from the financial center as they seek to distance the development at Wood Wharf from the office based district next door. To bring Wood Wharf up to speed for the future, the masterplan for the area has realised that it needs to accommodate for these nimble tech startups: When the Canary Wharf estate first underwent development in the 1980s it was renowned for being an exceptionally difficult part of London to access via public transport. But I have rarely known a time when the skyline wasn’t filled with cranes. Even though Wood Wharf is primarily residential, it is still planned to have 2 million square foot of office space. This is something that the developers of Wood Wharf have also noticed and are keen to improve on here. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-canarydevelopment_com-banner-1-0')};Formal regeneration plans for the wharf have been around since the early 2000s. In 2005, a consortium of British Waterways, Canary Wharf Group and Ballymore Properties established the Wood Wharf Partnership to develop the scheme with Berwin Leighton Paisner as legal advisors. Yet, up until now there have been no residential offerings from the Canary Wharf Group themselves. Client: Wood Wharf Limited Partnership (Canary Wharf Group, British Waterways, Ballymore Properties) Architect: Rogers Stirk Harbour + Partners Size: 7 hectares Status: Completed 2007. Wood Wharf will fall under the E14 postcode. The road itself has now taken on the name Wood Wharf and the presence of a gas works on the western promontory points to the pace of technological change. The idea behind Wood Wharf was to blend residential, office and retail space together. Taking a closer view on the latest developments in Canary Wharf and the Isle of Dogs. What the estate has found, is that the large corporate offices suited to massive global financial companies were not particularly suited to the requirements of Londons growing tech scene. CW WOOD WHARF RESIDENTIAL STAFFCO LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual … Facts and features Edit As part of the  planning approval process, a maximum limit of 1300 car parking spaces for the entirety of Wood Wharf was imposed. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-canarydevelopment_com-large-mobile-banner-2-0')};Having developed a global financial center from a derelict docklands, the Canary Wharf group now has several decades of development experience behind them. 10 George Street rises 37 storeys above Canary Wharf’s new district, Wood Wharf. It is a largely new area, built over a disused dock and will eventually become a 23-acre mixed use site. Wood Wharf builds on that theme, with outlines for 150,000 square foot of restaurants and bars. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-canarydevelopment_com-medrectangle-3-0')};Canary Wharf is famous for being the UKs biggest financial hub, a private estate in the heart of east London. Like the original estate with One Canada Square, Wood Wharf is being led by a flagship building, One Park Drive. They have created 36 building plots. As a result car parking spaces have found themselves in less and less demand, with some of the original spaces built for One Canada Square built over to provide expansion. Barking and Dagenham based Bike Dock Solutions have installed over 2,600 bike racks and storage cages on the Wood Wharf site. The apps, books, podcasts, events and food-trends that are on our radar this month. It will comprise over 180,000 sq ft with a 312-room hotel on the lower floors and offices above. While laying out a framework for the 36 building development plots, Allies and Morrison have designed three buildings themselves: Almost as a guideline for other developers, you can see from the buildings that Allies and Morrison have designed themselves, that there is a strong theme of mixed use and flexibility. The 180,000 sq ft building will comprise an affordable hotel, workplace, health club, and vibrant ground-floor restaurant and bar. In an era which is being defined by substantial political division, the backlash of …, 350,000 sq ft of hand-picked retailers and leisure space, 9 acres of interconnected boardwalks, squares and parks combine to create an oasis of urban green space, Connected to all three of the newest lines on the network. Wood Wharf is the Canary Wharf groups first foray into residential development, and is a major undertaking. The completed 128-acre private estate including the new Wood Wharf district in the foreground. By clicking the send button below you agree to our privacy policy and terms and conditions. The description and property data below may’ve been provided by a third party, the homeowner or public records. 15 Water Street is mixed-use building under construction in Wood Wharf development in Canary Wharf, London E14. Wood Wharf is highlighted in red on the map below. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-canarydevelopment_com-large-mobile-banner-1-0')};Pop up food and drink stalls, alongside plans for a food market are in place at Wood Wharf. Wood Wharf is a new mixed-use development consisting of commercial, residential, and hotel elements, grouped around a central square and exploiting the surrounding waterfront. The development comprises of 327 apartments, which overlook waterside gardens and boardwalks below. This is a 1872 square foot, 2.0 bathroom, single family home. For the last three decades, Canary Wharf has been a thriving centre of business and culture that has shifted London’s centre of gravity east and set new standards for urban spaces. Seeing this massive increase in public transport use, there has been a significant shift towards providing walking and cycle routes and a huge reduction in car parking spaces. The final plans were approved by Tower Hamlets in 2014 and in 2016 construction begins! Canary Wharf’s newest district, Wood Wharf, is beginning to take shape, with 10 Park Drive seeing over 50 new residents to the area – the first purchasers to live on the Canary Wharf estate – since completing in June.. Hugely dense residential schemes were approved in the past without any strategy to upgrade public services first, to support them—such as roads, public transport, schools, surgeries, mains supplies and sewers. The local authority is Tower Hamlets. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-canarydevelopment_com-leader-2-0')};By removing rigid restrictions: this building must be 30 storeys high, this area will be used for retail only, Allies and Morrison have given individual architects more control over their buildings, enabling them to adapt their plans to any current or future needs. The 128 acre Canary Wharf private Estate is one of the world’s great city spaces; internationally renowned as one of London’s most vibrant districts with a unique waterside location. Once part of the thriving docklands area, Wood Wharf fell into disrepair with the downturn of east London’s shipping industry in the 1970s. Sign up to be kept up to date with developments and the latest happenings at Wood Wharf. This home is located at 21171 Wood Wharf Ln, Preston, MD 21655. The hotel will reside in the red-bricked 15 Water Street building, designed by Allies and Morrison, as part of Wood Wharf, the development being constructed by Canary Wharf Group. In addition, residents have exclusive access to “Club Vertus.” The Estate’s newest structures have sailed into Canary Wharf’s new neighbourhood, Wood Wharf; one of these will be home to a remarkable floating … Explore the Estate in our 3D Interactive map They have since gone further, and aim to have every single development plot to have an aspect facing either a waterfront, green space or public plaza area. Despite its docklands location, Canary Wharf makes surprisingly limited use of the waterfront. Crossrail Place station providing Londons largest roof terrace, has 4-storeys of above ground retail and restaurant space. 20 Water Street – A large office space that can be reconfigured or divided easily for flexible sized commercial tenants, 15 Water Street – A hotel alongside a co-working space, 30 Harbord Square – A residential building with 176 affordable homes and a ground floor level of retail. Among the commercial units, the private estate is estimated to provide over 3000 new homes and 20,000 jobs. The Canary Wharf Group began to diversify their portfolio with BTR brand Vertus. JLL will take 38,000 sq ft at 20 Water Street, Wood Wharf to house its Docklands office. From 1802 to the late 1980s, what would become the Canary Wharf Estate was a part of the Isle of Dogs (), Limehouse, and Poplar and was one of the busiest docks in the world. They have achieved this by specifying a development framework, rather than defining individual buildings and their features on the estate. Over the last 30 years, Canary Wharf has become Europe's largest financial district and with the addition of Wood Wharf will create the continued growth of the area into the largest business and technology hub. This will only increase by the time the Wood Wharf development is completed in 2023, with the implementation of Crossrail. Canary Wharf, the original post-industrial regeneration project, is growing up: Wood Wharf, the latest development on the estate, seeks to move away from the original scheme’s anodyne corporate banking aesthetic and invite spontaneity and street life through residential buildings, leisure … Construction of an Idea Store —Tower Hamlets community library areas — are also part of the planning permission guidelines for Wood Wharf. Post 2008 financial crisis a major diversification attempt was made by the group, in an attempt to reduce their exposure to one industry. With heavy government lobbying and massive investment in infrastructure, Canary Wharf is now accessible by several different modes of public transport. 2 million sq ft of work space designed by the some of the world’s leading architects, 2.6 million sq ft of residential space including up to 3,600 new homes offering the very best in city and waterside living, Canary Wharf Group launches new report into the biggest challenges and opportunities facing the …. Wood Wharf, set for completion in 2023, is a further sign of the relentless pace of change on the island. A £2bn scheme was proposed with Tower Hamlets council pre-approving the plan in 2004, Serial local developer Ballymore – later developing, The scheme largely focused on towering office buildings, similar to the Canary Wharf site, with some additional residential units, The original plan designed by Rogers Stirk architects was approved by Tower Hamlets in 2009, Firmly into recovery from the 2008 financial crisis, a renewed effort to develop the, Ballymore and the Canary Wharf Group presently owned 25% stakes each in the project, with British Waterways holding a majority 50% stake, This second series of plans had a focus on technology and media sectors, as the Canary Wharf group was looking to diversify its tenants away from solely financial services, Farrells had form with developing waterside locations in London, having drawn up the master plans for the redevelopment of Paddington Basin and were in the process of planning the nearby, This diverse mixed use plan was beginning to take the shape of the final Wood Wharf we see under construction today, with two thirds residential and one third office based, Huge shifts in global trends over the previous years, from the explosion of digital media and the financial technology sectors, to a focus on work life balance and remote working, The Canary Wharf Group did not want to commit to a rigid development plan that may not fit with future trends, April 2013, the third and final architecture practise were brought in to take another look at the Wood Wharf plans, Leaning heavily on the second phase of plans, Farrell and Partners continued to work on the project as consultants, For residents the final designs incorporated more open public space, such as parks and boardwalks, On a commercial side, Allies and Morrison also encouraged smaller mixed use buildings, that would be able to accomodate different commercial uses if needs changed, and spaces that blended the residential and commercial sites together. 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