04 February 2011

New US Embassy in London attracts £250m regeneration to Vauxhall

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Two skyscrapers have been proposed for Vauxhall as developer CLS hopes to capitalise on the multi-billion pound regeneration in the area fuelled by the new US Embassy.

US Embassy

Further building plans have been announced for the area around the new US Embassy site in London.

CLS has said it expects to submit planning permission in late 2011 for two mixed-use towers of over 40 storeys at the Vauxhall Cross site.

The site is opposite Vauxhall Tube station and close to the new US Embassy and Battersea Power Station redevelopments.

Last year the United States has unveiled plans for its new $1 billion high-security embassy in London — the most expensive it has ever built. The decision to abandon the current US Embassy site in Grosvenor Square by 2016 came after a lengthy battle with residents over the increased security measures demanded after the September 11 attacks.

The £250m scheme will also include 80,000 sq ft of retail space, 200,000 sq ft of offices and a 300-bed hotel along with new offices for CLS.
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.”

The project is expected to be completed in 2016 or 2017 to coincide with the opening of the US Embassy.

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