Los Angeles-based firm Gehry Partners and British architects Foster & Partners have been chosen to design the third phase of the Battersea Power Station mixed-use development. The ambitious and highly anticipated $12.9 billion revitalization plan will transform the city’s industrial landmark into a vibrant new district in South London. The site will also mark Frank Gehry’s first architectural project in Britain.

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Located on the south bank of the river Thames, the distinctive power station has long been recognized as a major London icon and has been featured in many cultural appearances from Pink Floyd cover art to a shot in The Beatles’ movie Help! Since its shutdown thirty years ago, the decommissioned coal-fired power station has cycled through a number of failed proposals, including former plans to turn it into a theme park and a new home for the Chelsea football club. Following investment by a Malaysian consortium last year, however, Battersea Power Station has finally begun construction on a Rafael Viñoly-designed master plan, a sustainable development that will add 3,400 new homes to the area.

The two high-profile architecture firms chosen to develop the project’s eight-acre third phase will focus their designs on two mostly residential zones located on either side of ‘High Street.’ Foster + Partners will be responsible for the zone to the west and Gehry Partners will design the east area. Together, the zones will add 1,200 residential units, a 200-room hotel overlooking the town square and power station, 350,000 square-feet of retail and restaurant space, a 15,000 square-foot library and leisure space.

“Our goal is to help create a neighborhood and a place for people to live that respects the iconic Battersea Power Station while connecting it into the broader fabric of the city,” said Gehry. “We hope to create a design that is uniquely London, that respects and celebrates the historical vernacular of the city.”

+ Gehry Partners

+ Foster+Partners

Via Dezeen

Images via Rafael Viñoly