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122000 SQM Office Scheme For Canary Wharf

Developer, the Grattan Property Company, is aiming to build a new office skyscraper on the edge of the Canary Wharf estate at 1 Park Place.

A scoping report has been examining the feasibility of a large scheme on the site. The 122,000 square metre proposals could rise to as much as 44 floors, and will replace a previous design for a mere ten floors that was worked on by Michael Squire and Partners and then abruptly withdrawn in 2007.

The earlier plans had 25,000 square metres of office space with the largest floor being 2,663 square metres showing the developer is aiming for a substantial increase in what they can cram in on each floor that they will struggle to realize without building out on the dock.

As it is scoping out the options for the site, it is perfectly possible that the developer is examining the maximum they think they can fit on it and will reduce the scale of what they want for a planning application.

It's not a surprising move however. The valuable L shaped site lies to the immediate west of Cabot Square with West India Avenue to its north and Westferry Circus to the west and is one of the few sites not owned by Canary Wharf that is so close to the core of the estate, almost a "cant lose" option for a future successful and tall office development.

Article Related buildings:

1 Park Place

1 Park Place
1 Park Place

1 Park Place