6 billion-dollar projects that will transform London by 2025
Battersea Power Station
In the coming years, London's Nine Elms neighborhood will look much different than it does today.
Once the site of a farm, shipyard, and railway, the 500-acre waterfront area started redeveloping in the early 2000s — adding thousands of new housing units, public plazas, restaurants, and shops. By 2025, the 8 million-square-foot Battersea Power Station development in Nine Elms will consist of hotels, offices, two subway stations, and thousands of housing units. Another 15-acre development in the area, called Embassy Gardens, will add 1,982 new homes alongside more shops, restaurants, office space, a 100-bed hotel, a health center, and playgrounds by 2019.
The redevelopment of Nine Elms is not the only megaproject set to transform London.
Here is a look at some of the biggest projects to come.
London Bridge station redevelopment — $1.17 billion
The subway station near the London Bridge has been undergoing massive renovations since the early 2010s. When the work is complete in 2018, the station will have new tracks, shops, and a vast open floor plan.
The project, which is expected to cost $1.17 billion, is also spurring plans for housing developments in the surrounding area, including the redevelopment of Landmark Court with 80 new homes and the redevelopment of south and west Devon with new residential and student housing.
Wembley Park development — $1.1 billion
Wembley Park will be a large-scale housing development that surrounds the Wembley sports stadium, located 12 miles northeast of downtown London. The plan calls for 5,000 residential units for rental and purchase, as well as a 7-acre public park, a plaza, an elementary school, a hospital, shops, restaurants, and office space.
Set to open by 2024, the project has garnered $1.1 billion in funding so far.
Royal Wharf — $4.1 billion
In 2014, construction began on Royal Wharf, a new neighborhood planned for an area near London's airport along the Thames River.
The 40-acre development will include restaurants, bars, several schools, and 4,000 apartment units. Royal Wharf, which is expected to cost $4.1 billion, will be complete by 2019.
See the rest of the story at Business Insider
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