The redevelopment of the site has the potential to provide public access to a major part of the borough's riverfront for the first time in centuries. It would also make a major contribution to meeting Deptford's need for new homes, jobs and amenities.
Plans submitted by Convoys Properties Limited in spring 2013 for the comprehensive redevelopment of the site include:
- up to approximately 3,500 new homes (over 500 of which would be affordable)
- space allocated for shops, restaurants, cafes
- space allocated for a hotel
- public open spaces
- public transport improvements including a river bus service and new/diverted bus routes
- around 1,800 car parking spaces
- renovation of the Olympia Building, a Grade II listed warehouse
- three tall buildings (two at 38 storeys and one at 48 storeys).
In October 2013, the Mayor of London decided to take over and 'call in' the planning application, meaning that he – rather than Lewisham Council – would determine whether or not planning permission is granted.
Despite no longer being the determining authority the Council was able to make representations to the Mayor of London about the scheme, and on 16 January 2014 the Strategic Planning Committee considered the application in advance of the Mayor of London's decision. The purpose of this meeting was to confirm the Council's position on a range of issues, as well as highlighting those matters which remain outstanding. The Committee agreed that changes should be made to the planning application submitted by Hutchison Whampoa in order to take into account a range of factors:
scale of building and the area’s heritage
Sayes Court Garden and The Lenox
building in scope for design flexibility, evolution and innovation
- transport issues
- community benefits
In March 2014, the Mayor of London resolved to grant outline planning approval for Convoys Wharf.