20 November 2015
GREEN LIGHT FOR NEW DINING DESTINATION AT LONDON WATERLOO

We are pleased to report that plans to transform a number of railway arches and vaults beneath the original Eurostar Terminal at Waterloo Station into an exciting new dining and leisure destination have taken a major step forward following planning consent from Lambeth Council.

LCR’s plans, designed by architects Corstorphine + Wright with Union Street Partners appointed as development consultants, will work with the tunnel’s unique contemporary artistic heritage to create retail units which will attract original and exciting occupiers to the area.

The scheme will include eight units totalling up to 25,000 sq ft within the arches designed predominantly for cafes, bars and restaurants. Public realm improvements are also proposed, including a new pedestrian link to Westminster Bridge Road and improved lighting, security and surfaces in the tunnel.

Leake Street is renowned as one of London’s largest street art walls, and is open to anyone who wishes to use it as their canvas. The tunnel came to fame in May 2008 when Banksy hosted the first of the Cans Festivals there, and LCR’s proposals have been designed to protect and maintain this unique location for creativity and street culture.

Opening up the arches, which are currently leased as a car park and car wash facility, is the first stage of the regeneration of the former Eurostar terminal. It will eventually be brought back into passenger-use with additional retail space.

Adrian Lee, Development Director of LCR said:

“This planning approval represents a significant step forward for the scheme.  We’re excited by this tremendous opportunity to create a new, vibrant restaurant and bar destination which will be designed to protect and work with the unique location that is Leake Street.”

Neil Davies from Union Street Partners, development consultants on the scheme, said:

“Waterloo is experiencing a real renaissance with the redevelopment of Leake Street Arches typifying the transformation of the area.  The scheme is not only sympathetic to the site’s heritage, but places culture which is open to everyone at the heart of the redevelopment.  We are hugely encouraged by initial interest from rising, cutting edge brands that are attracted to both the area and the environment we are creating.”

LCR conducted extensive consultation with the local community and stakeholders on the proposals, including one-to-one meetings with local groups and organisations such as the WeAreWaterloo Business Improvements District (BID), Network Rail and the street artists. Around 170 people attended three pop-up events and two pop-up exhibitions held in July to invite feedback on the proposals. A total of 109 written comments were received and overall the feedback was very positive and supportive of the plans.

 

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