The area is currently dominated by an infamous pink shoppingcentre and one of the most run-down estates in London, the HeygateEstate. Both will be demolished to make way for a "traditional towncentre" comprising 1m sq ft of retail and 5,000 homes.

|

Previous attempts to regenerate the Elephant were scuppered whenthe council ditched its preferred development partner, SouthwarkLand Regeneration (SLR), in April 2002. The council then went backto the drawing board.

|

The new proposals include plans for a civic space the size ofTrafalgar Square on the site of a congested roundabout, a number oflandmark towers and a "Borough Market-style" square next to therailway arches. The deteriorating Walworth Road will be linked tothe new square and transformed into an attractive high street torival Chelsea's King's Road.

|

Chris Horn, Southwark's project director for the Elephant, saidthe vision had progressed significantly from the draft plans thecouncil released in December. "We were still unsure of the massingand the uses, and how the different sections would work. The ideato make the Elephant a car-free zone was simply unworkable, forinstance."

|

The main area for new development will be the 40 acres ofcouncil-owned land now occupied by the St Modwen-owned shoppingcentre and the 1,200-flat Heygate Estate.Proposals to demolish theestate and rehouse the tenants were passed by the council inFebruary.

|

Horn said: "This isn't a smaller scheme than the SLR one. But itis simpler. The amount of land going in has actually increasedslightly, and the development capacity hasn't been."

|

But first the council has to find a new master-developer for thewhole scheme or take the risk of a piece-meal approach.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.