First riverside homes are snapped up for up to £760,000 at new 'Mini Manhattan' City Island
PUBLISHED: 13:10 23 August 2016 | UPDATED: 12:07 25 August 2016
The first batch of 100 new apartments put on the market at the new 'Mini Manhattan' London City Island complex under construction on the Leamouth Peninsula in east London has been snapped up.
Prices went for £405,000 to £760,000 for one- to four-bedroom homes that were released by EcoWorld Ballymore as part of the 1,700 flats and open spaces making up the 12-acre island development at Blackwall, near Canary Wharf, on former marshland where the Lea flows into the Thames.
All 100 have now been sold, the developers report, but the next batch are due to go on the market on September 3, it is understood.
London City Island is a new neighbourhood dubbed ‘mini Manhattan’ because of its high-rise towers along the Lea waterfront.
The London Film School intends to relocate to the island, it was announced recently, joining English National Ballet which is moving there in 2018.
The development includes a new 260ft red footbridge over the Lea, connecting the development to Canning Town and the Jubilee Line and DLR. It also has independent artisan restaurants, shops, creative hubs and al fresco spaces.
New residents moving into the island automatically become members of the City Island arts club, which opens later this year when the first homes are completed.