US Embassy attracts £250m property scheme to Vauxhall

 
Marion Dakers
TWO skyscrapers are being planned for Vauxhall, as developer CLS hopes to cash in on the multi-billion pound regeneration in the area.

CLS aims to submit planning permission in late 2011 for two mixed-use towers of over 40 storeys at the Vauxhall Cross site, which is opposite Vauxhall Tube station and close to the new US embassy and Battersea Power Station redevelopments.

CLS, whose offices are based on the site earmarked for the project, said the £250m scheme will also include 80,000 sq ft of retail space, 200,000 sq ft of offices and a 300-bed hotel.

Chief executive Richard Tice said yesterday: “These significant regeneration plans can provide Vauxhall with a new public square the size of Paternoster Square and establish the area as the next major London growth zone, just over a mile from the Houses of Parliament.

“We have already secured substantial support from early discussions with a number of key stakeholders and major nearby landowners.”

Architects at Allies and Morrison have designed the project, which is expected to complete in 2016 or 2017 to coincide with the opening of the US embassy.