HUB has secured planning approval from the London Borough of Hackney for its redevelopment of Finsgate House into a mixed-use, co-living scheme.
The development sits in one of London’s fastest-growing business districts. Designed by architects AHMM, the scheme will aim to support both residential and commercial growth, creating new homes and workspace in a well-connected urban location.
The approved plans will transform the site, currently occupied by three outdated office buildings, into a mixed-use scheme comprising 490 co-living homes with shared amenity, approximately 4,000 sq m of workspace, a flexible community hub and significantly enhanced public realm.
The consented development comprises two buildings of 35 and five storeys. The taller western building will provide the residential accommodation, while the eastern building will accommodate workspace, including 10% affordable workspace for small and medium-sized businesses. The community hub, incorporated within the plans following consultation with local stakeholders, will occupy part of the ground floor and provide flexible space for local groups and activities.
The project will also include the transformation of the site’s surrounding public realm, including wider pavements, new planting and trees, improved lighting, seating and active frontages.
Damien Sharkey, Managing Director at HUB, said: “This decision is a major step forward for our ultra-urban co-living strategy, and reinforces our conviction that this type of housing can be transformational for central London.”
“Finsgate House presents a significant opportunity to transform an underperforming and prominent site into something of value to new and existing communities. It will deliver 490 co-living homes and tangible public benefits, in an area of the capital where the current housing offer is limited and demand is extremely high.”
“Throughout the design process, we have worked closely with local stakeholders to ensure the scheme responds to the priorities of the neighbourhood, so we are proud to have our plans approved by Hackney Council. We look forward to working with our partners to bring this exciting new chapter for Finsgate House forward.”
