Docklands
The London Docklands, on the Isle of Dogs along the Thames in the East End, has developed enormously since the early-1980s. For a period in the early-1980s, many warehouse buildings in Wapping had been occupied and used as artists studios and low-cost loft living spaces. This inevitably drew the attention of property developers who gradually (and then not so gradually) moved in to take over. The London Docklands Development Corporation (LDDC) was set up in 1981 to accelerate the process, and the first phases of major development started to reshape the area, culminating in Canary Wharf, whose best-known feature is the 1 Canada Square office tower (which is often incorrectly called "Canary Wharf"), which has been the UK's tallest skyscraper since 1991.
A massive-scale development within the last three or four years has added a great many more skyscrapers, and many large businesses (investment banks, law firms, etc.) have moved in. A new headquarters for HSBC and Barclays as well as the European headquarters of Citigroup, have now been completed, and are in use.
Attracted by this growth, restaurants, bars and nightclubs have opened, there are three interconnected shopping malls beneath the Canary Wharf structure, and a cinema complex has opened in the area. The Docklands Light Railway (DLR) serves the area, connecting to the London Underground at Bank, Shadwell, Canning Town and Stratford stations.
There has also been a great deal of gentrification and residential development in the area: North of the Thames around Limehouse Basin and toward Wapping, as well as south of the Thames in Rotherhithe where former wharfs and the old docks have been converted into high-priced loft apartments for a community of bankers, software developers and others working in the financial service industries in and around Docklands.