The joint venture between shopping complex giant, Hammerson and Ballymore has launched updated proposals for the regeneration of the Bishopsgate Goodsyard to create a 10 acre, mixed-use urban quarter in the heart of Shoreditch, east London.
The revised approach allows for lower building heights and a focus on flexible workspace and the creative industries. This results in reduced density and the tallest building in the scheme dropping from 46 storeys to 29.
Overall the scheme now provides a reduction of 1,000,000 sq ft of development providing a lower density scheme with a greater diversity of uses, focusing on the creative industries.
This includes 1.4m sq ft of offices and affordable workspace, 175,000 sq ft of retail and a 250-300 bed hotel. A destination building for cultural space on Brick Lane is also proposed, as well as exhibition space along the historic London Road beneath the elevated park.
The plans also include an increased amount of public realm with 5.9 acres at ground and as part of the proposed park on top of the historic Braithwaite Viaduct. This will include a diverse mix of imaginative landscaped spaces, as well as cafrs, restaurants and a hotel, creating active uses as part of the extended ‘high-line’-style walkway.
The series of tall residential towers have now been replaced with 7-14 storey mansion blocks in response to local feedback. The plans include up to 250 homes and at least 35% of these new homes will be affordable.
Tony Coughlan, development manager, Hammerson, said, “The Goodsyard is a highly challenging site with a large number of constraints and comes with a fascinating history. Our updated proposals respond positively to feedback on our planning applications and previous community consultations and constructive conversations with the GLA and the local boroughs.
'The revised plans will form part of Hammerson’s City Quarters concept announced earlier this year and will provide over 10,000 jobs along with a vibrant mix of uses and reduced density, while preserving and showcasing the site’s unique heritage and character.'