Riverside South is a proposed skyscraper development in

Canary Wharf Canary Wharf is an area of London, England, located near the Isle of Dogs in the London Borough of Tower Hamlets. Canary Wharf is defined by the Greater London Authority as being part of London's central business district, alongside Central Lon ...

, London. Some below ground-level work was completed by 2014 on behalf of investment bank J.P. Morgan & Co., which bought a 999-year lease on the site with the intention of making the building its London office, but the firm has now moved into an existing Canary Wharf building. Future plans for Riverside South have not been publicised.

Planning

The development is being planned by J.P. Morgan & Co., which purchased a 999-year lease on the site from Canary Wharf Group in November 2008. It will be located on the western side of the

Isle of Dogs The Isle of Dogs is a large peninsula bounded on three sides by a large meander in the River Thames in East London, England, which includes the Cubitt Town, Millwall and Canary Wharf districts. The area was historically part of the Manor, Ha ...

, immediately south of Westferry Circus on the edge of the

River Thames The River Thames ( ), known alternatively in parts as the The Isis, River Isis, is a river that flows through southern England including London. At , it is the longest river entirely in England and the Longest rivers of the United Kingdom, se ...

. This is one of the few sites left in the Docklands area which has been identified as suitable for the construction of skyscrapers. The original proposal consisted of two buildings of and , designed by the Richard Rogers Partnership. These were approved in the summer of 2004. In April 2007, Canary Wharf Group submitted a new planning application to increase the size of the scheme by to . The application confirmed work was underway on site. Tower 1 of the scheme was increased from to , while Tower 2 was reduced from to . The middle building adjoining the towers was increased from to . The new design was granted planning permission by the

London Borough of Tower Hamlets The London Borough of Tower Hamlets is a London boroughs, London borough covering much of the traditional East End of London, East End. It was formed in 1965 from the merger of the former Metropolitan boroughs of the County of London, metropol ...

on 21 June 2007. A further minor revision was submitted for approval in October 2008, which would reduce the height of the middle building by . The taller tower could become the tallest building in Canary Wharf, exceeding

One Canada Square One Canada Square is a skyscraper in Canary Wharf, London. It was completed in 1991 and is the third tallest building in the United Kingdom at above ground levelAviation charts issued by the Civil Aviation Authority containing 50 storeys. O ...

by a metre (on an AGL basis; One Canada Square is higher AOD, so will still appear taller on the skyline). The combined development will have the longest river frontage of any building in London, and in terms of floorspace will be among the largest offices in Europe.

Construction

In early 2007, JPMorgan considered the development as an option for their new London premises, which would involve relocating from their various

City of London The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London f ...

offices. The company initially decided to remain in the City, but in August 2008, the company announced that it had signed heads of terms to move to Riverside South, and in November 2008 JP Morgan signed an agreement to purchase a 999-year lease on the site for £237 million. Canary Wharf Contractors Limited were contracted to construct the basement structure up to ground level. Work on the basement slab for Tower 1 began in July 2009, with concrete being poured for the basements. Two crane bases appeared on site in September 2009, but work ceased in 2010. In December 2010, JP Morgan said that it would be moving its London staff into

25 Bank Street 25 Bank Street is an office tower in Canary Wharf, in the Docklands area of London. It is currently home to the European headquarters of the investment bank JPMorgan Chase. The building was developed in 2001–2003 by Canary Wharf Group as on ...

, a smaller building on the Canary Wharf estate that was once the London office of the collapsed investment bank

Lehman Brothers Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, ...

. In April 2011, JP Morgan announced their intention to complete the building up to street level with work due to start in October 2011. , work on the basement levels is complete but it is unclear if JP Morgan intend to commence with full construction.

References

External links

Riverside South on Skyscrapernews.com
{{Major Development Projects in London Buildings and structures in the London Borough of Tower Hamlets Canary Wharf buildings Redevelopment projects in London Skyscrapers in the London Borough of Tower Hamlets Richard Rogers buildings

Planning

Construction

See also

References

External links