HUB wins greenlight for 490-home Hackney co-living development
Developer HUB has secured planning permission to redevelop Finsgate House in Hackney, east London, into a 490-home, mixed-use co-living scheme.
CGI of HUB’s Hackney co-living development
The redevelopment near Old Street Station will transform three office buildings into two new blocks ranging from 35 to five storeys.
The project will also include more than 43,000 sq ft of grade-A workspace as well as shared amenity spaces, a community hub, and public realm improvements such as new planting and trees, improved lighting and wider pavements.
Designed by architect AHMM, around 10% of the workspace will be affordable, targeted at small and medium-sized businesses.
HUB managing director Damien Sharkey 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 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.”
In September, Blue Coast Capital appointed HUB to develop two London co-living schemes, in Southwark and Tower Hamlets, with a combined 485 homes.