Leading housing provider, One Housing Group, and Mount Anvil announced a partnership to create 121 new homes at Dollar Bay, a new 31-story residential tower in Canary Wharf.
Designed by the internationally-acclaimed Ian Simpson Architects, Dollar Bay will offer a range of studio, one, two and three bedroom homes, each of which will enjoy an enclosed ‘winter garden’. A three-story penthouse will boast 360-degree views of London.
The waterfront site on the Isle of Dogs was acquired from Londonewcastle on 4 April. The £90 million (approx. €109.13 million) scheme will create 111 homes for private sale and 10 for shared ownership.
Alan Williams, Group Development Director at One Housing Group, said: “We’re delighted to have secured this prime site in Canary Wharf and to be working in partnership with Mount Anvil again. Dollar Bay will be an iconic building in the Canary Wharf skyline. With government funding drastically reduced we are using the profits from the sale of properties like these to build more affordable homes in London. We are proud to be a profit making social enterprise. The more profit we make, the more affordable homes we can build to help tackle London’s housing crisis.”
Killian Hurley, Chief Executive, Mount Anvil, commented: "Mount Anvil believes in creating homes and communities where people want to live and, in doing so, leaving a positive legacy for London. The landmark Dollar Bay will provide high-quality, much needed homes in one of the most iconic parts of London. We are excited about bringing it to life.”
One Housing Group, is co-developing the scheme with Mount Anvil through its private development arm, Citystyle Homes. It will be using part of its share of the profit to develop new affordable homes on nearby Thomas Road. The Thomas Road site will create 64 new homes (43 social rented, 16 shared ownership and five private sale) under a separate contract and will be constructed by Higgins.
Dollar Bay originally received planning permission in March 2012 and construction will begin in early 2014, with delivery expected in summer 2016.
Source: Mount Anvil