Over the last few years, we have kept a close eye on many of the developments taking place on the Island and Canary Wharf. One of the largest developments has been Wood Wharf which is considered one of the most ambitious urban regeneration projects in London.
Unlike the main part of Canary Wharf, Wood Wharf is being developed into a 23 acre site with 5m sq. ft of mixed use space. Built on the former docks site, it is envisaged that Wood Wharf will have one of the largest clusters of tech and creative businesses in the UK. Canary Wharf Group are hoping that this Hi Tech hub will bring 20,000 jobs to the region, generate £2bn gross value from new jobs and £199m into the local small business economy.
Canary Wharf Group have produced some computer generated impressions of the finished site that offer a view of Canary Wharf which will probably the final stage of large development in the near future.
The site will have open spaces, waterside walkways, running trails and more retail areas and will be designed to high sustainability standards. The development will be targeting zero-carbon and zero-waste and is being built to have a positive social impact on the local area and communities. 25 per cent of the 3,600 residential homes will be affordable housing.
Although the new development does not directly impinge on the Isle of Dogs, indirectly it will have a knock on affect will more people living and working in the area. The top of the Island has seen unprecedented amounts of development in recent years and that development is slowly encroaching towards the bottom. It is likely that the development of Wood Wharf will accelerate that process even further.
The 1980s and 1990s saw the development of one of the largest business districts in Europe, that development was not necessarily welcomed by many Island residents. However in last 30 years, the Island has changed considerably and many will view the Wood Wharf development as more of an extension of the Canary Wharf footprint. Lots of Islanders use Canary Wharf for shopping, attending the various events and the transport system and of course, many residents work on the Canary Wharf estate.
In the 1800, the Isle of Dogs was largely inhabited before the coming of the Docks, after the rise and fall of the docks, we now have the rise of Canary Wharf. So the only real constant for the Island is change but there are few areas in London that have been the site of so many large global concerns in a relatively short time.