UK-based CLS Holdings has unveiled initial plans for a £250m ($404.9m) mixed-use development at Vauxhall Cross in London.
Allies and Morrison Architects has designed the redevelopment of the 2.9-acre site at Vauxhall Cross, which includes its headquarters building.
The scheme includes a new public square, 18,581m² of office space, a 300-bed hotel, 7,433m² of retail space with restaurants and bars, 400 apartments in two towers of more than 40 storeys, a six-screen cinema and student housing.
CLS plans to submit a detailed planning application in late 2011, with possession of the site expected in 2014.
Subject to winning planning consent, the scheme is intended to be completed in 2016/2017 alongside the new US Embassy.
CLS is also proposing a series of contemporary aerial walkways known as the "Linear Walk" to link the different sites and streets around Vauxhall Cross and opening up the area for its next phase of regeneration.
An international design competition has been launched for the Linear Walk, with a shortlist of five architects – Exploration Architecture, RFR, Heneghen Peng, Knight Architects and Marks Barfield – being drawn up.