St James Group has received planning approval from Lambeth Council in the UK for the development of a mixed-use scheme at 20-21 Albert Embankment in London.
The scheme includes three buildings designed by architecture firm Foster + Partners, ranging between 15 and 27 storeys, which will offer apartments, including affordable homes for senior citizens.
The scheme will also include offices, restaurants and residents’ bar, gym, pool and spa.
Planned to be built on a stretch of land on the southern side of the river Thames, the smallest of the towers in the scheme will be located behind the tallest one.
Lambeth Council Leader councillor Lib Peck said the new development on Albert Embankment is another important stage of the transformation of Vauxhall.
"Developments like 20-21 Albert Embankment are essential to bringing new jobs, new affordable homes and inward investment into Lambeth which will secure our long-term economic growth," Peck said.
The buildings will offer 248 apartments including 80 affordable homes for senior citizens, 12,300ft² of office space and 8,000ft² of restaurant space.
St James chairman Sean Ellis said that over 90% of the homes will have their own balcony, with many of them offering views of the river and the Houses of Parliament.
"In addition, St James has carefully considered the landscape architecture as part of the wider strategy, delivering public realm spaces on all three sites that will be of exceptional quality," Ellis said.
The scheme is part of the £15bn Nine Elms development, a 195-hectare site between Lambeth Bridge and Chelsea Bridge on the South Bank.
Nine Elms development plan will create 16,000 new homes and 6.4 million ft² of commercial space.
Image: The three buildings will range between 15 and 27 storeys high and offer 248 apartments. Photo: Foster + Partners.