The Area provides opportunities for intensification of commercial, residential and cultural facilities associated with a major transport hub, a major office location and a Strategic Cultural Area. The Waterloo Opportunity Area Planning Framework (OAPF) was adopted in October 2007.
Waterloo Opportunity Area
Key stats and information
Area (Ha): 78
Indicative employment capacity: 15,000
Minimum new homes: 2,500
Progress: Adopted October 2007
The Waterloo OA is in the borough of Lambeth. Centred on Waterloo railway station, it includes the cultural and tourist attractions of the South Bank, the residential streets around Roupell Street and the long established market street at Lower Marsh.
It is located within London’s Central Activities Zone and is therefore firmly part of the Central London economy.
What we hope to achieve
The following objectives have been identified in the OAPF:
- A new ‘City Square’ and interchange space for Waterloo to create a vastly improved public space around the station.
- Remove general traffic from Waterloo Road and give priority to pedestrians, cyclists and public transport.
- Redevelop and redefine Waterloo Station so that it becomes a new centre for the area.
- Use the public realm to bring the different parts of Waterloo together and address pedestrian movement/connections.
- Support the world class cultural quarter at the Riverside and use it as a motor for regeneration.
- Maximise development potential.
- Allow for incremental change.
- Preserve and enhance the key features of Waterloo’s character areas.
There is potential to enhance the South Bank and extend the cultural and entertainment offer as a major London visitor destination which can also be enjoyed by local residents and employees. This should be carefully managed to take account of local residential and other needs. In the short to medium term, reuse of the former International Station will provide significant new facilities and increased capacity for the station and the area, as well as expansion of rail services. In the long term, the station presents a major development opportunity.
Since the adoption of the OAPF, the minimum number of homes has been increased from 1,500 to 2,500.