On the 15th of October, Lambeth Council’s Planning Committee unanimously approved the HB Reavis proposal for the redevelopment scheme of Elizabeth House.
South Bank BID wrote in support of the scheme, and how it is aligned with the BID’s long term proposals for the area. Redevelopment of the site, next to Waterloo Station, is expected to provide the area with an estimated 11,000 new jobs, supported by 1.2 million sq ft of affordable workspace options. This will also include the creation of brand-new retail opportunities in the currently unused space between Elizabeth House and the former Waterloo International terminal, and a brand-new garden promenade to relieve ground level congestion.
A key focus of the project will be transforming pedestrian access to the station by increasing the number of access routes from York Road and the surrounding area. These will be designed to accommodate an expected 30% increase in passengers using the station in the next 5 years. The development will also incorporate a restoration of the facade of Victory Arch in Waterloo Station, alongside a new step-free platform in front of the Arch.
The project coincides with the arrival of Waterloo.London in late 2020, which will be located in the old Eurostar terminal, and is expected to create a steep growth in tourism and footfall to the area.
Progression of the next phase of work is expected to begin in 2020. More information on the proposal can be found on the project website.