CROYDON is setting its sights high after approving a 55-storey skyscraper which would rejuvenate the south London borough.
The development, expected to cost in the region of £350m, would bring 397 residential units, 217 hotel rooms and over 23,000 square metres of office space to Croydon.
The skyscraper would also boast its own restaurant, coffee shop, brasserie, bar and gym.
The site, being developed by Guildhouse and Rosepride Properties, is well connected by rail stations and is minutes from the Whitgift Centre.
Stephen McDonald, Croydon Council’s executive director for planning and environment, said: “This is a further vote of confidence for Croydon, and another step towards the regeneration of the town centre.
“It illustrates that we are not waiting for conditions to improve, we are putting plans in place now in anticipation of an upturn in the market.”
Planning permission was recently granted to another skyscraper in the London borough, which will add 54 storeys of residential space to the neighbourhood.
Croydon, which is home to other high density buildings such as the Nestle Tower, suffered during the London riots in August.
This investment will take the borough one step further to becoming a city – a moved which was backed by Boris Johnson in November alongside £23m of funding.