Next station: the Paddington Basin development including a gym, primary school and a hotel
PUBLISHED: 16:54 12 July 2017 | UPDATED: 16:54 12 July 2017
Paddington Basin has long been in the shadow of the King's Cross redevelopment, until now
The regeneration of Paddington has long been waiting in the wings. Since the upcycling of fellow station hub King’s Cross, Paddington has looked like a plain Jane next to to the high-tech, hipster hub. Now, Meritas Real Estate is developing four new buildings in the Paddington Basin adding to the current regeneration of the area.
Designed by Assael Architects and the brainchild of Powell Dobson, the four towers of Paddington Gardens will reach between 17 and 21 storeys overlooking acre of green space. The first phase of the development, Drummond House, offers 95 residences, whilst in total the four towers will include 271 private apartments and 64 affordable homes.
Meritas hopes that families and local workers will move to the new flats, which will include 24 hour concierge and security as well as private parking for 203 cars with facilities for electric cars.
Residents with children will be able to make use of the primary school being integrated into the Paddington Basin development, with extra guests catered for by the neighbouring 340 room hotel. Active types will be able to make use of the next door Virgin Active gym, whilst the development will also include offices, shops and restaurants.
The once industrial canal basin has recently been brightened up with towpaths and footbridges, outdoor entertainment areas and water’s edge amenities. This will be complimented by roof gardens and a new pedestrian boulevard featuring topiary shrub plants connecting the development to the popular Regent’s Canal.
Sarah Curtis of Strutt & Parker, said: “Paddington Gardens is a development which has it all – cutting edge architecture in an unbeatable zone 1 location, surrounded by an acre of green landscaped gardens. We expect to see a lot of interest from investors and those looking for a bolthole in the heart of one of London’s most exciting residential and commercial regeneration districts, an area which has been historically undervalued in comparison to neighbouring Marylebone and Notting Hill.”
Paddington Gardens will also benefit from transport links including close proximity to the new Elizabeth Line, promising future price increases in areas close to the Crossrail of 31 per cent according to CBRE. Nearby Praed Street is due for a cosmetic facelift including a new piazza and shopping parade as well as a glass cubed building from Renzo Piano.
Luke Mills, executive director of CBRE, added: “Paddington Gardens is one of the very final chapters of the Paddington Basin story, arguably one of London’s most successful regeneration projects. Paddington Gardens benefits from exceptional connectivity and is within walking distance to some of London’s most renowned destinations, including Hyde Park, Oxford Street and Marylebone.”
With a gym, school, hotel and luxury apartments, it seems that Paddington Basin could just be London’s latest It Girl.