Battersea Power Station developers have scrapped plans to build one of three hotels, changing it instead to more than 400 flats.
About 300 homes will be made from the 26,379-square-metre site which was originally pegged to be a hotel. Meanwhile, an extra 109 homes will be made from reducing the number of larger four bedroom flats.
The iconic Art’otel, with a rooftop sky pool will still be built, along with another hotel on the inside of the development.
A spokesman for the development said there were already a number of hotels planned in the Nine Elms area and the mid-market hotel developers had originally planned to build on a site east of the power station, was no longer needed.
“The amendments to the masterplan will deliver more new homes that will meet London’s demand – houses for single people and couples, working and living in London,” documents filed to Wandsworth Council by Battersea Power Station Development Company (BPSDC) said.
“The aspiration is to provide more homes at appropriate sizes at Battersea Power Station, which in turn will seek to make homes at the site accessible to more people. The amended proposals aim to ensure that the site is lived in and enjoyed by more people, and help more Londoners to get a foothold in the Opportunity Area.”
The company says homes are selling well, despite news prices had to be slashed as demand for luxury homes in the capital waned.
A spokesperson from BPSDC, said: “The application to create an additional 400 homes by converting space originally allocated for a hotel and serviced apartments underlines the continuing strength of demand we are seeing for properties at Battersea Power Station. People buying at Battersea Power Station have seen average growth rates of 30 per cent or more, and with the arrival of the new Tube station and wider improvements to the area these growth rates show no sign of abating.”
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