U+I and Transport for London (TfL) are delivering a mixed-use development on Southwark Street after being given the go-ahead by the London Borough of Southwark.
The site, near London Bridge and Borough Market, is set to be developed into 36 homes, of which 12 will be available for social rent.
There will also be 200 square feet of commercial space for restaurants, cafes and small businesses.
Richard Upton, chief development officer at U+I, said: “These plans represent the final piece of the puzzle on the Southwark Street.
“This site has been a blot on an otherwise vibrant and successful High Street, but now we can bring forward a development that will stitch the streetscape back together, providing contemporary workspace, homes, shops and restaurants, all set within a carefully considered masterplan that reinstates the medieval lanes and yards of Southwark.
“From the outset we were also determined to secure the future of Crossbones, which really is one of London’s extraordinary hidden places.”
The Crossbones Graveyard and Memorial Garden, a graveyard holding the remains of 15,000 people, will be preserved.
TfL and U+I have committed to working with Bankside Open Spaces Trust (BOST), Crossbones Forum and the Friends of Crossbones to deliver enhancements and a management plan, including longer opening hours and funding.
The developer said 50% of the homes will be ‘affordable’, while 10% of the workspace will be affordable to encourage small businesses to move into the area.
Chris Townend, head of property development at TfL, said: “We are excited to have been given the go-ahead to start delivering our plans in Southwark, which will create a vibrant hub for the community, with buzzing market stalls, cafes, restaurants and workspaces.
“The plans will deliver new much-needed affordable homes while preserving Crossbones Graveyard and Memorial Garden.”
This post has originally been featured in Property Wire.