The proposed £400m Vauxhall Square redevelopment is close to Vauxhall's tube and rail stations near the bank of the river Thames at the heart of the Vauxhall Nine Elms regeneration area. This is also where a new US embassy is planned for construction.
The scheme comprises: two 50-storey tower blocks containing 510 flats and 15,231 sq m of office space. There is also 3,500 sq m of retail, restaurant and café space; 416 student units; a 438 bed hotel; a four-screen cinema; 94 affordable housing units; a new homeless hostel; and a large new public square.
Subject to planning consent, CLS hopes to start on site in 2014, with phases being completed from 2017 onwards.
The site today comprises office buildings and commercial storage that CLS describes as “outdated, isolated from, and contributing little to the surrounding Vauxhall area”.
CLS Holdings chief executive Richard Tice said: "This substantial mixed-use scheme is a key element to the Vauxhall Nine Elms regeneration plans. It will create a new vibrant heart for Vauxhall and over 1,000 additional full-time jobs across a broad range of skills, both during and after construction. The investment of over £400m will bring substantial benefits to a wide range of stakeholders and is not dependent on the Northern Line extension."