A $1.5 billion deal between London Mayor Boris Johnson and a private Chinese Developer will fund the creation of an international business district at the city's Royal Albert Docks. Terry Farrell & Partners will complete the project's master plan.
"In the early 1900’s the Royal Albert Docks, located to the east of the city of London, served as London’s most prominent source of international trade and commerce," writes Vincenza Di Maggio. "Now the 130-year-old docks, which over the years have been closed to commercial traffic and only used for watersports, will be transformed into London’s third booming financial district. Terry Farrell & Partners have been commissioned to carry out the complex master plan of the 35-acre site."
"The mixed-use development, which is scheduled for completion by the year 2022, will house over 3.2 million square feet of office, retail, and leisure space and will become the largest financial development in the UK, creating over 20,000 full time jobs, and contributing almost $9 billion to the British economy."
FULL STORY: TERRY FARRELL & PARTNERS COMISSIONED FOR MASTER PLAN OF LONDON’S ROYAL ALBERT DOCKS
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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