The VSM joint venture (JV) between VINCI UK Developments and St Modwen Developments has secured planning consent for the new residential tower in Nine Elms, London, UK.
Named Apex 1, the new 26-storey scheme will feature 201 new homes and retail space on the land released due to the New Covent Garden Market redevelopment project.
Designed by Glenn Howells Architects, the residential tower represents the first building of the wider Apex development location, which has outlined approval for additional commercial space, as well as 422 homes.
Apex 1 will feature a two-storey pavilion, accommodating ground floor retail, a first-floor amenity area, and a roof garden.
It will also provide a permanent landscaped pedestrian connection between Nine Elms Linear Park and Nine Elms tube station.
VINCI UK Developments managing director Graham Lambert said: “This planning consent represents a key milestone for the VSM partnership and the redevelopment of New Covent Garden Market, and highlights our key priority of designing sustainable developments, which create a positive legacy.”
The company noted that the new residential tower is located near the new US Embassy, and adjacent to the Nine Elms Northern Line tube station.
The Apex development site is one of four lands sites that form part of the ongoing New Covent Garden Market transformation by VSM.
Upon completion, the complete redevelopment of New Covent Garden Market is expected to create a new and vibrant London District.
St Modwen Developments senior development manager Nick Smith said: “Apex 1 promises to be a high-quality new scheme for Nine Elms. This latest planning decision means we can deliver new homes for the area while achieving another important milestone for the transformation of New Covent Garden Market.”