More than one thousand creatives will soon have access to affordable rent in London, as the capital’s Design District is nearing completion.
Has London taken a leaf from Dubai Design District by deciding to set up its own design district? Who knows, but the new creative space is big news for the city.
When complete, the London Design District will provide affordable rent for up to 1,800 creatives in the city.
London’s Design District is located in the up-and-coming Greenwich Peninsula – a $10.6 urban regeneration project said to be largest in Europe.
The plan for the area is simple: transform a once-derelict part of London into a mixed-use community with 15,000 homes, two schools and seven neighbourhoods. The company behind the project expects the urban regeneration development to create up to 13,000 new jobs sectors including the creative space.
Hong Kong real estate developer Knight Dragon – the company leading the megaproject – has not said when the Design District will be open for tenants to move in. Commercial Interior Design has contacted representatives of the company to find out more about the Design District.
While Greenwich Penninsula is not due to complete until 2023, parts have already opened to the public. This month, London’s first linear park opened. The Tide, as it is called, has one of the world’s largest free-to-access art collections from prominent names like Damien Hirst.
The Tide was also designed by interdisciplinary design studio Diller Scofidio Renfro, the firm behind High Lane in New York.