A former Bermondsey print works is set to be turned into homes and offices.
The 0.35-acre site in Crimscott Street, which is currently occupied by commercial property, will be transformed into buildings ranging up to nine storeys in height.
Designed by architects TP Bennett, the new development will provide 55 one, two and three-bedroom flats, 35 per cent of which will be affordable, as well as almost 20,000 sq ft of office space.
The flats will come with balconies, associated car and cycle parking and landscaped roof gardens.
The £37.1million development is being delivered by Fruition Properties in partnership with Prime London Residential Development Fund II – a fund managed by Savills Investment Management.
Parul Scampion, chief operating officer at Fruition Properties, said: “We have worked closely with a highly skilled team of planners, architects and consultants throughout the entire application and consultation process to ensure we address any concerns that our stakeholders may have.
“By engaging with Southwark Council’s planning team, as well as the local community, early on in the process, we feel confident that our proposal is one that not only meets the requirements for this key site, but also adds a new dimension to the area.”
Emiliano Acciarito, director at TP Bennett, added: “Bermondsey is fast becoming a sought-after area to live and socialise due to its thriving bar and restaurant scene and its proximity to London Bridge.
“The apartments on Crimscott Street will provide a growing community with a series of high-quality residences within a vibrant mixed-use development and an opportunity to experience city living in an area that has much to offer.
“The design of the building draws on the mixed-use nature of the scheme and its specific uses are each expressed by considered juxtaposing volumes, whilst the local history is referenced through consistent materials of masonry and reconstituted stone elements.”
Work is expected to begin imminently and be completed by 2020.