NEO Bankside Flats Under Construction, South Bank, London. NEO Bankside is a landmark residential scheme located immediately adjacent to Tate Modern, comprising 229 apartments in 5 buildings ranging in height from 5 to 24 storeys. The development lies at the heart of the emerging ‘ribbon of culture’ being created along the South Bank and will be set within the Bankside Urban Forest, overlooking the river Thames and a newly landscaped public square. Work began on site in January 2008. A 50/50 joint venture with Grosvenor.