Lots Road South will feature residential and commercial space
Kensington and Chelsea Council is looking to appoint a development partner to deliver a mixed-use scheme in the south-west of the borough.
The contract, valued at £145m, would involve turning industrial space at Lots Road South into residential and commercial use.
The residential aspect of the scheme would be 50% social rent, including roughly 65 assisted living homes at social rent, 23 standard social rented homes and 13 key worker homes.
The non-residential part of the development will include 5,000 sq m of commercial space, which the borough says could be used for cafes, creative companies, medical services, galleries or retail.
The plot lies between Chelsea Harbour and the King’s Road, close to Chelsea FC’s Stamford Bridge stadium and the river Thames. It is currently used as a vehicle pound as well as two warehouse buildings. Firms have until 27 May to put in bids.
The Lots Road South development, which the council hopes to complete by 2025, would be the latest in a series of schemes in the area.
The redevelopment of Lots Road Power Station – which is set to include 4,900 sq m of retail space and 420 new homes – is expected to be completed by spring 2024.
Called Chelsea Waterfront, the £500m scheme is being masterminded by a team of Hutchison Property Group and Hong Kong’s CK Asset Holdings.
Designed by Farrells, the current main contractor is JRL subsidiary Midgard, following the completion of the first phase by Ardmore.
Elsewhere in the borough, plans have also been approved for the demolition of Fulham Imperial Gasworks and delivery of another mixed-use development, which will include 1,843 residential units.
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