The joint venture between Hammerson and Ballymore has submitted revised plans to the Greater London Authority (GLA) for the regeneration of the Bishopsgate Goodsyard to create an exemplar 10 acre mixed-use scheme in the heart of Shoreditch, east London.
Bishopsgate Goodsyard is part of Hammerson’s City Quarters concept which was announced in 2018 which aims to deliver vibrant mixed-use neighbourhoods.
The plans provide for 500 homes, of which 50% will be affordable (up from 15% in the original plans submitted in 2014).
Nicola Zech-Behrens, Senior Development Manager, Ballymore, said: “Bishopsgate Goodsyard is a highly challenging site with a large number of constraints but offers an incredible opportunity. We have listened very carefully to feedback on our original application and aspirations of the local community and our revised plans provide for a more balanced development that preserves and showcases the site’s heritage. Our proposals will create an exemplary urban quarter, with a mix of housing types, half of which will be affordable, as well as workspace, shops, cafes and restaurants, exhibition space, a cultural building and a new public park.”
The scheme will also provide 1.4 million sq ft of workspace in five buildings, including around 140,000 sq ft of affordable space – one of the largest single contributions of any development in London.
The development will also provide a high line-style public park sitting on top of the restored railway arches that will include a series of connected gardens, terraces and walkways, with a wide variety of biodiversity, including trees and planting. In total, the site will have over 6 acres of public realm, 25% larger than originally proposed and covering over 50% of the whole site.
A series of new pedestrian streets will be created connecting Brick Lane, Shoreditch High Street and Sclater Street, lined with retail, residential and workspace and the restored Braithwaite Arches will provide exciting new spaces for retail and restaurants with the opportunity within the scheme for over 100 emerging and independent businesses.
Upon completion, the scheme will make a significant contribution to the local area and London, supporting over 8,300 jobs worth over £600 million to the economy, as measured in Gross Value Add (GVA).
Tony Coughlan, Development Manager at Hammerson, said: “We are excited to bring forward these revisions to our plans, which promote a more sensitive scale of development for this strategically important site. These revisions include a focus on the delivery of a wide range of new workspace opportunities, including one of the largest ever provisions of affordable workspace in London. Our revised proposals will generate thousands of jobs and support local economic growth, creating a vibrant urban quarter that respects the heritage of its location.”
The submission is an amendment to the existing planning application for the site, follow an extensive public consultation and constructive discussions between the joint venture, the GLA, Hackney Council, Tower Hamlets Council and other key local stakeholders.
The site, which has been derelict since a fire in the 1960s, was purchased from Railtrack in 2002.
