Affinity Sutton is partnering with Mount Anvil to develop a new 36-storey residential building named Silicon Tower in London, UK.
Skidmore, Owings & Merrill Architects has been selected for the £160m development.
The project will comprise 307 residential apartments, including 107 affordable homes, which will be managed by Affinity Sutton, along with 785m2 of mixed-use commercial space.
Mount Anvil CEO Killian Hurley said the company aims to capture the excitement and buzz surrounding businesses and people working and investing in Silicon Roundabout, an area of London dominated by tech and web-based companies.
"We are confident that the penthouses will be selling at £1,500 per square foot, setting new price levels for high-rise living in the area. This will be the ultimate city apartment in a dazzling tower," said Hurley.
Affinity Sutton and Mount Anvil purchased the 261 City Road development site, located close to the Silicon Roundabout, as a joint venture.
The building, which will be arranged around a landscaped courtyard, will offer views over London’s City Road Basin.
The development is also expected to incorporate a spa with treatment rooms, a yoga room, a business lounge, and private dining and function rooms.
The development is part of the City Road Basin Masterplan, which aims to regenerate former industrial land surrounding Regent’s Canal in the borough of Islington.
Silicon Tower is Mount Anvil’s eighth scheme in Islington; the company has been involved in the regeneration of the borough since 2000 and currently has nearly 1000 homes in development.
Construction work on the site is scheduled to start by April 2012 and completion is expected by July 2016.