HB Reavis Unveils New Plans for One Waterloo

Introduction

HB Reavis has initiated a public consultation for an ambitious redevelopment project at Elizabeth House, adjacent to Waterloo Station. This new masterplan, designed by PLP Architecture, aims to transform the area into a vibrant mixed-use destination that includes a variety of facilities and amenities.

Project Overview

The One Waterloo project is set to feature a diverse array of components:

• Hotels: Two new hotels are planned, enhancing the accommodation options in the area.
• Residential Spaces: The development will include build-to-rent homes, with 35% designated as affordable housing.
• Student Accommodation: Purpose-built student housing will also be part of the scheme, with a similar commitment to affordable units, comprising 35% of the total.
• Commercial Areas: The project will provide retail spaces, leisure facilities, and high-quality workspaces, with 10% of the workspace being affordable.

Sustainability Goals

A significant focus of the One Waterloo project is its sustainability objectives. The design aims for a 75% reduction in embodied carbon when compared to traditional demolition and new construction methods. This ambitious target aligns with broader industry goals for net-zero carbon in construction and operation.

Economic Impact

The redevelopment is expected to stimulate the local economy significantly, creating over 1,000 new jobs. This influx of employment opportunities will benefit local residents and businesses, contributing to the overall revitalisation of the area.

Consultation Details

The public consultation is an essential part of the planning process, allowing local residents, businesses, and visitors to provide feedback on the proposals. Scheduled from 8 to 13 September, this initiative aims to gather insights and suggestions to refine the project further.

Timeline

Following the approval of planning permission, the project could be delivered approximately three and a half years later. This timeline reflects HB Reavis's commitment to moving forward efficiently while ensuring community engagement and sustainability are at the forefront of the development.

Conclusion

With the launch of the One Waterloo project, HB Reavis is poised to make a significant impact on the Waterloo area. The combination of mixed-use facilities, a strong emphasis on sustainability, and community involvement through public consultation highlights the developer's forward-thinking approach to urban redevelopment.