Architecture firm Allford Hall Monaghan Morris (AHMM) is currently developing comprehensive plans for a new 35-story co-living tower that will be located adjacent to the iconic Old Street roundabout in London. This ambitious residential project represents a significant addition to the area's rapidly evolving skyline and reflects the growing demand for innovative housing solutions in the capital.
The proposed tower will feature co-living spaces, a housing concept that has gained considerable popularity in major cities worldwide. Co-living developments typically offer residents private bedrooms with shared common areas, including kitchens, lounges, and recreational facilities, designed to foster community interaction while providing affordable housing options in expensive urban markets.
The Old Street area, often referred to as part of London's "Silicon Roundabout" due to its concentration of technology companies and startups, has undergone substantial transformation in recent years. The location's proximity to the City of London and excellent transport connections make it an attractive destination for young professionals and entrepreneurs, which aligns well with the target demographic for co-living spaces.
AHMM, known for their expertise in residential and mixed-use developments, brings significant experience to this project. The firm has previously worked on various housing projects throughout London, including student accommodation and residential towers that have helped address the city's ongoing housing shortage.
The 35-story height of the proposed tower would make it one of the taller residential buildings in the immediate area, potentially offering residents panoramic views across London. The development is expected to include hundreds of co-living units, along with ground-floor retail spaces and amenities designed to serve both residents and the broader community.
While specific details about the building's design, timeline, and planning approval status have not been fully disclosed, the project represents part of London's broader strategy to increase housing density in well-connected urban areas. The Old Street location benefits from multiple Underground lines and bus routes, making it highly accessible for residents who work throughout London.
The co-living sector has experienced rapid growth in London over the past several years, with several major developers and operators entering the market to meet demand from young professionals seeking flexible, community-oriented housing options. These developments typically offer shorter lease terms and inclusive pricing that covers utilities and amenities, appealing to residents who value convenience and social connectivity.
As AHMM continues to refine their plans for the 35-story tower, the project will likely undergo extensive consultation with local planning authorities and community stakeholders. The development's success will depend on navigating London's complex planning regulations while creating a building that enhances the character and functionality of the Old Street area.
