Fairmont Avenue, E14

Road in/near Canary Wharf

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(51.50591 -0.00553) 

Fairmont Avenue, E14

MAP YEAR:1750180018301860190019502020Remove markers
Road · Canary Wharf · E14 ·
JANUARY
1
2000

Fairmont Avenue is one of the streets of London in the E14 postal area.




NEARBY STREETS
Aspen Way, E14 Aspen Way is a road in the E14 postcode area
Au, E14 A street within the E14 postcode
Baffin Way, E14 Baffin Way is one of the streets of London in the E14 postal area.
Bazely Street, E14 Bazely Street is one of the streets of London in the E14 postal area.
Bf, E14 A street within the E14 postcode
Biscayne Avenue, E14 Biscayne Avenue is a road in the E14 postcode area
Blackwall Tunnel Depot, E14 Blackwall Tunnel Depot is one of the streets of London in the E14 postal area.
Blackwall Tunnel, SE10 Blackwall Tunnel is a road in the SE10 postcode area
Blackwall Way, E14 Blackwall Way is a road in the E14 postcode area
Boardwalk Place, E14 Boardwalk Place is one of the streets of London in the E14 postal area.
Boardwalk, SE21 Boardwalk is a road in the SE21 postcode area
Bridge House Quay, E14 Bridge House Quay is a road in the E14 postcode area
Broadway Walk, E14 Broadway Walk is a road in the E14 postcode area
Cartier Circle, E14 Cartier Circle is a road in the E14 postcode area
Clove Crescent, E14 Clove Crescent is one of the streets of London in the E14 postal area.
Clove Cresent, E14 Clove Cresent is one of the streets of London in the E14 postal area.
Cold Harbour, E14 Cold Harbour is one of the streets of London in the E14 postal area.
Coldharbour, E14 Coldharbour is a road in the E14 postcode area
Dominion Walk, E14 A street within the E14 postcode
Dy, E14 A street within the postcode
Harrow Lane, E14 Harrow Lane is a road in the E14 postcode area
Jamestown Way, E14 Jamestown Way is a road in the E14 postcode area
Lancaster Drive, E14 Lancaster Drive is a road in the E14 postcode area
Landon Walk, E14 Landon Walk is a road in the E14 postcode area
Landons Close, E14 Landons Close is one of the streets of London in the E14 postal area.
Lovegrove Walk, E14 Lovegrove Walk is a road in the E14 postcode area
Mountague Place, E14 This is a street in the E14 postcode area
Myers Walk, E14 A street within the E14 postcode
Naval Row, E14 Naval Row is one of the streets of London in the E14 postal area.
Newport Avenue, E14 Newport Avenue is one of the streets of London in the E14 postal area.
North Dockside, E14 North Dockside is a road in the E14 postcode area
Ontario Tower, E14 A street within the E14 postcode
Paul Julius Close, E14 Paul Julius Close is a road in the E14 postcode area
Pilgrims Mews, E14 Pilgrims Mews is a road in the E14 postcode area
Prestage Way, E14 Prestage Way is one of the streets of London in the E14 postal area.
Preston’s Road, E14 This is a street in the E14 postcode area
Prestons Road, E14 A street within the E14 postcode
Province Square, E14 A street within the E14 postcode
Quixley Street, E14 Quixley Street is a road in the E14 postcode area
Raleana Road, E14 Raleana Road is a road in the E14 postcode area
St Lawrence Street, E14 St Lawrence Street is one of the streets of London in the E14 postal area.
Trafalgar Way, E14 Trafalgar Way is one of the streets of London in the E14 postal area.
Williamsburg Plaza, E14 A street within the E14 postcode
Yabsley Street, E14 Yabsley Street was a rebuilt Russell Street which had existed before the Blackwall Tunnell was built.


Canary Wharf

Canary Wharf is a large business development on the Isle of Dogs, centred on the old West India Docks.

Canary Wharf was the site of cargo warehouses that served the docks based in London E14, taking its name from sea trade with the Canary Islands. The docks were, as recently as 1961, the busiest in the world but fell into declie after containerisation.

The project to revitalise eight square miles of derelict London docks began in 1981 with the establishment of the London Docklands Development Corporation. At first, redevelopment was focused on light industrial schemes and Canary Wharf’s largest occupier was Limehouse Studios, a TV production company.

In 1984, Michael von Clem, head of the investment bank Credit Suisse First Boston, was visiting the Docklands looking for a site for a client’s food processing plant and noticed that there was empty land. Thinking of relocating City of London offices, von Clem contacted his opposite number at Morgan Stanley who said that a large scheme with critical mass would be necessary. It was also agreed that a new Tube line would be required to make the scheme viable.

Canadian developer Olympia and York bought the project idea. Critically, Olympia and York agreed to meet 50% of the proposed cost of an extension to the Jubilee Line. Construction of Canary Wharf began in 1988 with phase one completed in 1992.

The property market collapsed in the early 1990s. Tenant demand evaporated and the Jubilee Line work had not started as Olympia & York collapsed. The scheme went into administration. For a while it seemed that Canary Wharf would be a white elephant, accessible only by the Docklands Light Railway.

In December 1995, an international consortium backed by the former owners of Olympia & York bought the scheme. At this time its working population was around 13 000 and over half the office space was empty. Probably the critical event in the recovery of Canary Wharf was the much-delayed start of work on the Jubilee Line, which the government wanted ready for the Millennium celebrations. From this point, potential tenants began to see Canary Wharf as a alternative to traditional office locations. The remaining phases were completed and new phases were built.

Canary Wharf is now very successful with tenants including major banks and news media firms. Jubilee Place opened as a shopping mall in 2004.

The immediate impact of Canary Wharf was to raise land values in the surrounding area.

Canary Wharf is now connected to central London via the Canary Wharf DLR station, opened in 1991, and the extension of the Jubilee Line to Canary Wharf tube station, opened in 2000. A river boat service from Canary Waterside connects Canary Wharf to the City of London and Greenwich.


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