Lesser known power station in Chelsea to be developed
12 June 2015, Blog
A project to develop a former power station in Chelsea sandwiched between the Tate Modern and Battersea Power Station has been restarted by Hong Kong–based conglomerate Hutchinson Whampoa. The development has been designed by Sir Terry Farrell, who is responsible for designing the iconic MI5 headquarters across the river.
The plans to build 706 homes on the eight-acre-site had been stalled by the global financial crisis, but the developer has now made the decision to re-ignite the project. . Edmond Ho, executive director of Hutchison Whampoa Property commented that “we have been waiting for this moment for a long time … We had a little nervousness about the [general] election, but the result gives everybody more confidence.”
The site, known as Lots Road Power Station, has been redundant for 13 years, after functioning for more than a century generating electricity to power London’s Tube network. The target completion date for the new homes is 2019.