LCR has submitted a planning application to Lambeth Council for the redevelopment of the Leake Street Arches in Waterloo.
Designed by Corstorphine + Wright, the proposals involve refurbishing the arches and vaults beneath the former Eurostar terminal at Waterloo Station to create a vibrant, high-quality restaurant, bar and cultural hub, occupying a high profile location between the London Eye, the South Bank Centre and independent retailers on Lower Marsh.
If approved, the development will enhance the existing urban environment and create opportunities for local employment whilst retaining the tunnel’s unique street art – made famous by Banksy.
Along with eight restaurant/bar units totalling up to 25,000 sq ft, plans include external seating and multi-use areas for events, festivals or pop-up markets, as well as improvements to the pedestrian connections, lighting and security.
The refurbishment of the arches will be the first stage of the regeneration of the former Eurostar terminal, which will eventually be bought back into passenger-use with additional retail space. The site is currently used primarily as a car park and car wash facility.
Steven Frith, associate director at Corstorphine + Wright, said: “The aspiration for these designs has been to embrace and enhance the established urban environment and to make Leake Street Arches into a key destination on South Bank that will act as a catalyst for future development in the area.
“In creating the plans, we have collaborated closely with local artists, community groups and existing occupiers to ensure that the new development works alongside the vibrant, urban arts and music scene immediately surrounding the site, including the graffiti tunnel and House of Vans’ skatepark, nightclub and artist studios.
“It has been exciting to work with a space that is so full of culture and character and set in such a high profile location. We are confident that these are the right plans to regenerate and revitalise the area.”