The team behind the Peckham Levels project has begun selecting members to rent the creative workspaces.
Work is proceeding on the redevelopment of the seven-storey car park in Peckham, which will provide emerging businesses and artists with space and the opportunity to connect with the community around them.
The 1,858sq m of converted space will consist of private studios, shared workspaces, creative facilities, community areas, independent businesses, markets, events and exhibition space.
Peckham Levels received 293 applications for studios and office spaces, while 56 were for other kinds of businesses who want to set up shop at Peckham Levels, including food units, cafes, event venues, print studios, shared workshops, photography studios and yoga centres.
The applicants will be chosen based on a selection of criteria including whether they are local to Peckham, with the aim to provide 80% of the space to Southwark residents.
Also considered is their commitment to the project’s ethos, a pledge to volunteer in the community, their idea to utilise the space and their potential growth.
Fifty studios will be available to rent, small studios (12sq m) will cost from £255 per month and large studios (24sq m) will cost from £550 per month.
The project will offer 20% subsidised rates to ensure talented lower income locals can also access the facility. These ‘supported spaces’ will range form £55 to £130 per month. Applications for these closed on 30 April.
It is still possible to apply for large office spaces (150sq m), which can house teams of up to 30.
Applications for co-working areas will open in June. These will allow members to rent a desk in a shared workspace for around £195 per month.
More than 600 jobs will be created through the project.
Planning permission was given in July 2016, with work commencing in December 2016. A new lease has been granted until at least summer 2023.
Members selected for the space will move in on 18 September and a public launch event will be held on 22 September.
"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.