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| Plans to develop London Underground headquarters revealed | Plans to develop London Underground headquarters revealed |
| (about 2 hours later) | |
| Plans to develop London Underground's historic Grade I listed headquarters in central London have been revealed. | |
| Transport for London (TfL) wants to turn 55 Broadway in Westminster into a "landmark residential development" with affordable and private housing. | Transport for London (TfL) wants to turn 55 Broadway in Westminster into a "landmark residential development" with affordable and private housing. |
| The building, built for the Underground Electric Railways Company of London, is currently used as office space. | The building, built for the Underground Electric Railways Company of London, is currently used as office space. |
| The plans will be displayed from Tuesday to Friday at St James's Park station and submitted next month. | The plans will be displayed from Tuesday to Friday at St James's Park station and submitted next month. |
| TfL said it hoped the "radical new plans" would generate up to £3.5bn which would be reinvested in London's transport network. | TfL said it hoped the "radical new plans" would generate up to £3.5bn which would be reinvested in London's transport network. |
| Graeme Craig, director of commercial development at TfL, said: "Our aim is to make life in London better and help keep the city working and growing. | Graeme Craig, director of commercial development at TfL, said: "Our aim is to make life in London better and help keep the city working and growing. |
| "This means recognising our role as the custodian of one of London's largest and most valuable property portfolios and developing our assets for the benefit of the city." | "This means recognising our role as the custodian of one of London's largest and most valuable property portfolios and developing our assets for the benefit of the city." |
| But Labour's London Assembly housing spokesman Tom Copley said more needed to be done to make sure the development did have affordable housing. | |
| He said: "The mayor should be doing all he can to ensure that this development includes the highest proportion possible of affordable housing. That means truly affordable, not the mayor's 80% of market rent level which is hardly affordable to anyone. | |
| "The mayor and Transport for London need to go back and look again at the weighting they are giving to affordable housing on the Broadway development." | |
| The building was designed by Charles Holden between 1927 and 1929 for the forerunner of London Underground. | The building was designed by Charles Holden between 1927 and 1929 for the forerunner of London Underground. |
| It received considerable bomb damage during World War Two. | It received considerable bomb damage during World War Two. |