Canary Wharf has a new adjacent neighborhood called One Park Drive. Here’s what you need to know about this brilliant 23-acre development.
One Park Drive property values are “anchored” by Canary Wharf, specifically the development known as the Canary Wharf Estate.
Granted, no one has a crystal ball, but it is reassuring to note that Europe’s arguably most valuable real estate development is the Canary Wharf Estate. Valued in the billions (in pounds) the development houses 16 million square feet of office and retail space. And such commercial vibrancy supports the local population with 120,000 jobs.
The Wharf’s cityscape has transitioned from its dockland district undesirable days to a commercial banking district to its current renaissance to a hotbed for startups, media and entertainment companies.
This district is unrecognizable compared to just a couple of decades ago. With diversified talent moving in, the Wharf is anything but outdated.
Residents and visitors alike enjoy access to five malls in Canary Wharf Estates comprised of over 300 shops, restaurants, cafes and bars. Luxury brands abound.
The memory of an industrial or ghetto zone on the Isle of Dogs is now distant. This evolution is by design to raise the quality of life on the Wharf with a sensible bottom-up approach to the financial ecosystem. The “Estate” has over 1,000 people employed 24/7 including a security team operating from a state-of-the-art facility in the middle of the Estate, ranking it one of the safest places in Europe.
Graced with modern building designs, One Park Drive’s latest development sets a new precedent in futuristic style.
Developed by the Pritzker prize-winning architectural firm Herzog & de Meuron, One Park Drive is regarded as a piece of art.
The exterior of the complex, unlike many modern skyscrapers, is unmistakably residential — functional and stylish. The stunning 483-unit apartment building will be comprised of one-bedroom studios starting at £575,000 going all the way to four-bedroom penthouses.
The exclusive facilities on offer are designed to please the most discerning resident - a cinema, library and lobby with concierge service on the ground floor. Located on the first floor, the fitness facilities include a 20-metre swimming pool, gym, steam room and sauna.
The exterior grounds are on par with the luxurious standard set by the skyscraper’s interior. Nestled amidst tranquil parks, residents will enjoy the tranquil ambiance of the riverside. One Park Drive is positioned at the head of the dock, providing panoramic views of parks, gardens and the water. In concept is a private estate. And as part of the new district, more than a third of the neighborhood will be dedicated to parks, boardwalks and gardens.
One Park Drive expands residential housing for the Wharf Estate driven by the attractive regeneration of the Wharf itself. Regarded as London’s second financial district, the Wharf has become a prime location for companies to headquarter in. Its finan cial reputation has been built over decades. Companies currently holding a base in the Wharf include Accenture, American Express, ANZ, Bank of America, Barclays, and that’s the beginning of the list.
Just like any well-diversified portfolio, the Wharf is now home to industries beyond only the financial sector.
Canary Wharf Station (Crossrail Place) is scheduled to open in December 2018 allowing for this area to become even better connected.
Luxury apartments, such as the forthcoming iconic skyscraper One Park Drive, will then be only six minutes to Liverpool Street, 39 minutes to Heathrow and just minutes away from the London City Airport. Although the new route won’t be in full swing until December 2019, trains will operate every five minutes at peak hours to Paddington, Heathrow and Reading in the west or Abbey Wood in the east.
In addition to the luxury apartments of One Park Drive, affordably-priced (though still smart) residences are on offer and moving quickly with the vibrant job demand and the logistical opportunity given by the new station opening. Expect district property values to step up following the grand opening of this ultra-modern station.
Given the amenities of the already beautifully-planned Wharf Estate, the latest add-on, One Park Drive, will appeal to the most discriminating tastes. A planned residential design integrating leisure, work, education, healthcare and security will create a utopia that sets a new standard that other future developments will aspire to follow. One Park Drive leaves no stone unturned in catering to residents’ needs.