Capital & Counties Properties (Capco) has secured approval for the first phase of the planned re-development of Earl's Court in the UK.
The Royal Borough of Kensington and Chelsea (RBKC) and London Borough of Hammersmith and Fulham (LBHF) have approved Capco's reserved matters applications, which include the detailed design proposals for Earls Court Village.
Approval of the project follows the receipt of outline planning permission for the £8bn Earls Court master plan from both boroughs in November 2013 and the recent formal agreement of a joint venture with Transport for London (TfL), to bring forward the first phases of the project.
The Earls Court Village proposal covers 16 acres and 2.4 million ft² of residential-led, mixed-use space, including more than 1,200 new homes, 3.35 acres of publicly accessible park land and the first phase of a new high street with retail, dining, leisure, culture and community facilities.
A new landscape and public park featuring restaurants and cafes will created, which has been designed by Andy Sturgeon.
As part of the project, 450 new trees and 20,000 plants will be planted in a series of garden squares connected by both structured and informal landscapes.
LBHF has also approved Capco's detailed planning application for a change of use for the Empress State building, from commercial to residential.
The Empress State building will now be integrated into the Earls Court master plan, adding a further 580,000ft² of residential floor space to the overall master plan area.
Plans under the new scheme include the creation of 340 new homes and improvements to the façade of the existing building.
Capco investment director Gary Yardley said the approval signals another major milestone in delivering the vision for Earls Court.
"As well as creating a vibrant new part of London, the plans will act as an enormous boost to the economy, creating thousands of new homes and jobs and signalling an £8bn investment in the local area," Yardley said.
The detailed designs are part of architect Sir Terry Farrell's master plan for the Earls Court area, which will feature 10.1 million ft² of development space and a new five acre park.
The master plan will deliver 7,500 new homes, a new primary school, a new leisure centre, new health facilities as well as community and cultural spaces.
Image: The Earls Court development will feature 7,500 new homes, a new primary school and a new leisure centre. Photo: courtesy of Earls Court.