East London has been a hotbed for development in recent years, and the borough of Tower Hamlets is just one of the areas in which a lot of this activity has been concentrated.
As a result, lots of skyscrapers have shot up in the borough in recent years. For example, Manhattan Plaza – located just by Blackwall DLR (Docklands Light Railway) station in Poplar – is a brand new block of flats which opened in 2017 and which contains a range of 1, 2 and 3 bedroom apartments.
More broadly, a study has shown that as of May 2018 the number of skyscrapers under construction in the borough stood at almost 30. With the borough containing a wide range of key landmarks such as Canary Wharf, Victoria Park and parts of Shoreditch, though, it’s no surprise that demand for new-build residential properties is high here.
Reflecting the area’s status as an increasingly desirable place to live, it’s believed that just over 20,000 new homes are about to spring up in the borough as a result of this investment.
Back in 2014, Tower Hamlets agreed to accept a range of new residential buildings in the area around Canary Wharf – and with many of these buildings having five year construction timeframes, they’re now hitting the market.
New plans are underfoot to build 8,000 homes with a riverside view of the River Lea over a ten-year period.
A range of different sites will constitute the developments, all of which are located in the Bromley-by-Bow area. One of them is the Sugar House Island development, which is located near Pudding Mill Lane DLR station just a short distance away from Stratford: as is increasingly common in this part of East London, the area around the buildings of the 2012 Olympic Games are now being earmarked to create places for people to live.
Sugar House Island will contribute to this area’s new-found vibrancy with hundreds of homes, and the first batch – of just over 150 – are already under construction. The developers behind Sugar House Island are also keen to ensure that they make a contribution to the local community, too, and as a result there will be a new park for people to use and a primary school built as well.
According to the official Sugar House Island website, the timeframe for home construction will be five years. But some will be ready before the five-year mark is hit: the 140 homes in the Botanical Gardens development will be ready in early 2020.
Other developments are also underway in the area, too. Near the Sugar House Island development is Merchants Walk, an amazing new development just by Devons Road DLR station. This development has a range of shared ownership opportunities to help people on to the housing ladder, while the nearby Lea Valley offers excellent green space and a natural environment in which to relax.
And with the homes on offer enjoying a distinctive urban feel to their designs thanks to major British interior design practice CJCT playing a leading role, these homes are modern, light-filled sanctuaries for busy people.
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