The City of London Corporation has given planning permission to developer Tenacity for a 33-storey scheme to be constructed at 70 Gracechurch Street.
This approval comes after Tenacity had last month received planning permission for a 30-storey development at 55 Gracechurch Street.
Go deeper with GlobalData
The scheme at 70 Gracechurch Street has been designed by architect Kohn Pederson Fox (KPF), and developer is aiming to receive a BREEAM ‘Outstanding’ rating.
It will feature an integrated urban greening space through living roofs, terrace planting and a green wall in Ship Tavern Passage. These features are expected to reduce air and noise pollution, absorb carbon, reduce rainwater overflow, and boost biodiversity.
Promoting walking and cycling, the new scheme will have a direct pedestrian link to the historic Leadenhall Market, with over 1,000 long stay and short stay cycle parking spaces along with space for three cargo cycles.
See Also:
Furthermore, levels 29 and 30 will feature an inclusive public gallery and winter garden that will provide views across London and will be accessible to the City’s residents, workers and visitors at no cost.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCity of London Corporation’s planning and transportation committee chair Alastair Moss said: “This sustainable and energy-efficient development provides a significant increase in prime City office floorspace, which will be vitally important for the workers and businesses returning to a newly-revived City after the current restrictions are eased.
“Comprising of three staggered tower elements, the development creates a unique and dynamic silhouette, without dominating the City skyline, and it showcases sustainability measures to promote health and wellbeing.
“The scheme aspires to become a workplace destination and it embraces post-pandemic trends such as natural ventilation and generous external terraces.
“Significant steps have been taken to enliven the pedestrian flow in the area which will further reveal and establish the historic Leadenhall Market as a world leading open air retail space for all.”
The scheme will offer flexible office floorspace of 72,000m2 and more than 1,800m2 of flexible retail space, along with 1,500m2 of public access space.
—————————————————————————————————————–
The scheme is expected to reduce air and noise pollution, absorb carbon, reduce rainwater overflow, and boost biodiversity. (Credit: Manfred Richter from Pixabay)
