6 billion-dollar projects that will transform London by 2025

BatterseaBattersea Power StationA rendering of the Battersea Power Station redevelopment in London.

In the coming years, London’s Nine Elms neighbourhood will look much different than it does today.

Once the site of a farm, shipyard, and railway, the 200ha waterfront area started redeveloping in the early 2000s — adding thousands of new housing units, public plazas, restaurants, and shops. By 2025, the 740,000 square-metre Battersea Power Station development in Nine Elms will consist of hotels, offices, two subway stations, and thousands of housing units.

Another 6ha development in the area, called Embassy Gardens, will add 1,982 new homes alongside more shops, restaurants, office space, a 100-bed hotel, a health center, and playgrounds by 2019.

The redevelopment of Nine Elms is not the only megaproject set to transform London.

Here is a look at some of the biggest projects to come.

London Bridge station redevelopment -- $US1.17 billion

TP Bennett Architects

The subway station near the London Bridge has been undergoing massive renovations since the early 2010s. When the work is complete in 2018, the station will have new tracks, shops, and a vast open floor plan.

The project, which is expected to cost $US1.17 billion, is also spurring plans for housing developments in the surrounding area, including the redevelopment of Landmark Court with 80 new homes and the redevelopment of south and west Devon
with new residential and student housing.

Wembley Park development -- $US1.1 billion

High Level Photography Ltd

Wembley Park will be a large-scale housing development that surrounds the Wembley sports stadium, located 19km northeast of downtown London. The plan calls for 5,000 residential units for rental and purchase, as well as a 3ha public park, a plaza, an elementary school, a hospital, shops, restaurants, and office space.

Set to open by 2024, the project has garnered $US1.1 billion in funding so far.

Royal Wharf -- $US4.1 billion

Glenn Howells Architects

In 2014, construction began on Royal Wharf, a new neighbourhood planned for an area near London's airport along the Thames River.

The 16ha development will include restaurants, bars, several schools, and 4,000 apartment units. Royal Wharf, which is expected to cost $US4.1 billion, will be complete by 2019.

Embassy Gardens -- $US2.9 billion

Ballymore Group

In 2012, the city of London approved the developer Ballymore Group's plan to build a 6ha development, which will include 12,000 sqm of restaurant and retail space, nearly 2,000 new housing units, an office building, a 100-bed hotel, a health center, and children's playgrounds.

The three-phase project, which is expected to be complete by 2019, is estimated to cost $US2.9 billion.

The Battersea Power Station development -- $US17.6 billion

Jason Hawkes/The Battersea Power Station Company

The renovation of the Battersea Power Station -- the iconic building featured on the cover of Pink Floyd's 1977 album 'Animals' -- is at the center of a larger mega-development in London's Nine Elms neighbourhood.

The estimated $US17.6 billion, 740,000 sqm project will include apartments, hotels, and offices. Construction is slated to proceed in seven phases -- the first began in 2014 and the last is expected to finish in 2025.

Apple, the complex's anchor tenant, will move its London headquarters to the former power station in 2021.

London City Island

Glenn Howells Architects

Billed as 'mini Manhattan', London City Island is expected to become a high-density, mixed-use neighbourhood east of downtown.

Its developers, Ballymore Group, have not announced the exact price of project, which will cover over 503,000 square feet46,000 sqm. London City Island will feature 1,700 new housing units, along with artisan restaurants, shops, coworking spaces, and a 90m pedestrian bridge across the Thames River that will connect with London's subway. The development will be complete by late 2017.

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