£300 million Stoney Street development near Borough Market receives planning approval
Southwark Council has resolved to grant planning permission for Meyer Bergman and Sherwood Thames Ventures’ new £300 million mixed-use Stoney Street development this week. This includes the redevelopment of the site currently occupied by Vinopolis.
As part of the design team, Vectos has provided significant input into the final site-wide masterplan as well as detailed submissions on technical matters, particularly the management of servicing and construction traffic. We were also involved in negotiations with Transport for London and Southwark Council having been brought into the project post submission of the planning application to resolve these complex issues.
The development is located next to London’s iconic Borough Market and will create 20,000 square metres of retail and office space, complementing the area’s thriving food and restaurant scene. The revamp will see dozens of Covent Garden-style fashion boutiques, an art house cinema, a private members’ club, loft offices and apartments move into the area.
A joint venture between investment fund manager Meyer Bergman and developer Sherwood Thames Ventures will transform the area immediately west of the market. The three-acre site currently includes a car park, a warehouse and a network of magnificent vaulted Victorian railway arches occupied by Vinopolis.
The developer plans to revive the original Elizabethan street names to the area, reinstate the north/south pedestrian links through the site and create a new public yard at the heart of the scheme to be used for pop-up events.
Construction of the development is scheduled for completion in 2018.