The £60m scheme — designed by Assael Architecture — will be fully managed by Nineyards Living, and will be located in Kingston town centre, replacing the PC World and Sports Direct stores currently occupying the site.
This will be the first of three co-living schemes Nineyards is bringing forward across London.
The development will offer a variety of co-living rooms, each with an en-suite, kitchenette, storage, and flexible furniture arrangements.
It will also contain a range of amenities, including a gym and yoga studio, screening room, and lounge.
The ground floor open-plan space will offer adaptable working and events areas, and an adjoining ‘field-to-fork’ restaurant, which will be open from breakfast through to dinner for residents and the public.
The proposed scheme will also include public real enhancements, such as resurfacing the adjacent pavements, tree planting and new cycle stands.
The scheme is also targeting BREEAM Excellent design, which includes re-harvesting the heat from waste shower water back into the building.
The form of the project will be staggered to create a series of external gardens and roof terraces for residents.
The development will be designed in an art-deco style, using a palette of buff brickwork, metalwork and glossy green terracotta references, inspired by the adjacent Bentall Centre and the Royal County Theatre and Super Cinema, which occupied the site between 1917 and 1940.
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Tim Chapman-Cavanagh, director at Assael Architecture, said: “Having lived in the borough for over 15 years, our vision from the outset has been to keep the vibrancy we’re all used to in the town centre.
“The development not only offers new homes to help retain talent in the borough, but also brings in people and activity, alongside increasingly important co-working and homeworking opportunities that enables residents and the local community to easily separate home life from work without the need to travel to the office.
“Building on our experience in the design of other co-living developments and our expertise in BTR, we’ve ensured that the internal configuration is functional and efficient to operate for Nineyards, while also providing high-quality and community-focused spaces for future residents.”
Richard Beim, managing director at Viewranks Estates, said he was delighted the development was given the green light.
“We have found the Kingston authorities to be forward-looking in recognising the need for the town to adapt to a less retail and consumption-led economy, and have been supportive to projects that provide greater social value with a more sustainable design.
“With new headquarter offices in the pipeline for Unilever PLC and Lidl, significant high-quality residential schemes, plus continued investment into sustainable transport, we believe Kingston will be a great place to live long into the future."