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Affinity Sutton and Mount Anvil aim high with 'Silicon Tower'
08 December 2011
The values of homes in the City fringes are set to reach new heights with 'Silicon Tower', a new landmark development being planned by leading national housing provider Affinity Sutton and Mount Anvil.
Mount Anvil and Affinity Sutton purchased 261 City Road, London EC1 in a joint venture. The site is close to the Silicon Roundabout cluster of tech businesses and the scheme will have a GDV of £160 million and features a 36 storey building overlooking the Regent's Canal - the tallest tower in Islington. Skidmore, Owings & Merrill Architects, who designed the world's tallest building, Burj Khalifa in Dubai, has been appointed as architects for the delivery of the scheme. The global award-winning practice created One World Trade Center in New York and the NATO headquarters in Brussels.
Killian Hurley, Chief Executive of Mount Anvil, predicts the development will deliver an uplift in prices for the City fringes. He said: "We aim to capture all the excitement and buzz surrounding the businesses and people working and investing in Silicon Roundabout. Our scheme will reflect this energy and creativity through bold, innovative design. We are confident that the penthouses will be selling at £1,500 per sq ft, setting new price levels for high-rise living in the area. This will be the ultimate city apartment in a dazzling tower."
261 City Road will comprise 307 residential apartments, 107 of which will be affordable housing managed by Affinity Sutton, alongside 785 sq m of mixed-use commercial space.