Wood Wharf is a 23 acre site in Canary Wharf, London. It is currently under construction to provide offices, residential homes and retail space. The site is next to Canary Wharf. Wood Wharf will contain 5 million square feet of space, which will include 2 million sq ft of office space, 3,330 residential homes, 3.6 hectares (8.9 acres) of public spaces, and 380,000 sq ft of shops, restaurants and space for community use. It is estimated to be completed in 2023. The architects for the site include Allies and Morrison, Darling Associates, KPF, Herzog & de Meuron, Pilbrow & Partners, Stanton Williams Architects, Grid Architects, and Patel Taylor. The masterplan has been designed by Allies and Morrison Architects. Site history The Wood Wharf Business Park was sold by British Waterways to a joint partnership in the financial year 2007–08. The Canal & River Trust is the freeholder of the main site following the transfer of all the assets of British Waterways in 2012. British Waterways had previously acquired the site from the Port of London. Canary Wharf Group plc purchased a 250-year lease for the site in January 2012. First masterplan In 2003, British Waterways issued a masterplan for a substantial, mixed used redevelopment of the site. The masterplan indicated a potential development size of commercial floorspace (offices, retail and restaurants), of residential use (approximately 1,500 units) and of hotel and serviced apartments. The masterplan has been adopted by Tower Hamlets as interim guidance to support the current local plan. Development During 2004, British Waterways held a competition to select a development partner for the project. In 2005, a consortium of British Waterways, Canary Wharf Group and Ballymore Properties established the Wood Wharf Partnership to develop the scheme with Berwin Leighton Paisner as legal advisors. In November 2007, a new master plan was unveiled, by Rogers Stirk Harbour + Partners. Outline planning was submitted to Tower Hamlets in July 2008 and were approved in October 2008. The official Wood Wharf website was updated. The new master plan shows considerably higher density, as well as more towers, which are also taller than the previous ones. The next step is to find different architects to design each individual building. The developers want at least one iconic residential, and one iconic office tower as part of the project. The new master plan also contains a high street, which will run up the middle