Planning permission has been granted by Tower Hamlets council for the Canary Wharf Group's mixed use development at Wood Wharf.
The new Canary Wharf neighbourhood will provide a net 2.6m sq ft of residential building including 3,100 new homes, ranging from park-side townhouses to high-rise buildings and includes a mix of private, intermediate and social housing.

Sir George Iacobescu, Chairman and CEO of Canary Wharf Group plc, said: "We are very pleased to have worked in collaboration with Tower Hamlets and the local community in helping to achieve this important planning permission. This major eastern development of Canary Wharf will reinforce the district as one of London's most vibrant and dynamic mixed-use commercial and residential districts. It will combine new high quality offices aimed at the fast emerging TMT (Technology, Media and Telecommunications) sector; a wide variety of high street shops and restaurants, and a range of new housing opportunities designed around generous newly created public spaces. We expect to be on site in the fourth quarter of 2014, with the first buildings to be occupied as early as the end of 2018."

There will also be a variety of commercial offices totalling a net 1.9m sq ft, a new 420 place primary school, NHS medical centre, Community Centre, hotel and more than 100 new high street shops, restaurants and cafes plus a network of high-quality parks and public squares with around 9 acres of interconnected public spaces, including a kilometre of dock-edge walkways.

The development is expected to create over 17,000 new jobs within the new development alone, with 3,500 of these taken by local residents.

The scheme will expand Canary Wharf by the addition of 30 new buildings with completion of the first phase of the development coinciding with the arrival in 2018 of Crossrail.