Plans for a £900 million 'Island of Glass' set to transform Victoria into a glistening spectacle from the current concrete cluster has been unveiled today.
Developers hope that the proposed five angular-shaped buildings, which will be a combination of apartments, restaurants, shops and offices will encourage high numbers of the 80 million passengers that travel through each year to stay in the area for longer periods of time.
The project called Nora involves five and a half acres on Buckingham Palace Road will involve 170 new apartments, shops and restaurants. The centre-point will be a 350ft building that will form part of the London skyline.
The designer is American architect Lee Polisano. Work will begin on the first phase of the development this week and is expected to be finished by 2016 with the second phase by 2018. Developers Land Securities say the project will generate 850 jobs during the development of the project and a further 5,000 more once the site is open.
– Land Securities Head of London Development Colette O’Shea
“Nova is great news for London and Victoria. Nothingof this scale and potential has been delivered in this part of the West Endbefore. We are delighted to be continuing our investment in Victoria witha scheme which we believe will become the destination for all looking to findthe best that London has to offer in the heart of SW1.”