The 58-storey diamond-themed tower designed by Horden Cherry Lee Architects, has received a planning approval from Tower Hamlets Council’s planning committee.
The application will be referred to the Mayor of London who is expected to rubber stamp its final approval.
Newfoundland, based in between Westferry Road and Heron Quay Road, comprises of a tower and a two storey building.
The tower will accommodate 566 apartments, as well as shops and a health club. The construction is expected to begin this summer, with completion scheduled to 2018.
The new scheme marks a new stage in the development of Canary Wharf, which first opened in the early 1990s.
CWG’s Chairman & Chief Executive Officer, Sir George Iacobescu, said: ”The Canary Wharf Estate is a growing community and I am pleased that this resolution has been passed.
"This means the group will, for the first time, be able to offer residential space within the foot print of the Canary Wharf Estate and adjacent to our 800,000 sq ft of retail and transport modes.
“I firmly believe that Canary Wharf is an attractive place to both work and live thanks to the incredible retail and restaurant offering, and the robust transport links.”
Photo: Construction Enquirer