£900m Bishopsgate Goodsyard scheme downsized

Aaron Morby 5 years ago
Share

Hammerson and its development partner Ballymore have dramatically downsized proposals for the £900m Bishopsgate Goodsyard scheme in London.

Developers Hammerson and Ballymore have cut tower heights on Shoreditch scheme
Developers Hammerson and Ballymore have cut tower heights on Shoreditch scheme

Under local pressure for more housing, the proposed rejigged scheme will now have twice the number of homes at 500 units and a landmark office tower has been cut in height from 46 storeys to 29 storeys.

Overall, the revised proposals for developing The Goodsyard see the removal of the two high-rise residential towers originally proposed for the site in the existing planning application.

The JV is also significantly increasing the size of the proposed public park at the 10 acre, mixed-use urban quarter in the heart of Shoreditch.

Proposals now include 1.4m sq ft of offices and affordable workspace, 175,000 sq ft of shops, a destination building for cultural space on Brick Lane, as well as an elevated park.

The developers, working with master planner FaulknerBrowns Architects, Eric Parry Architects, Buckley Gray Yeoman, Spacehub, and Chris Dyson Architects, consulted on revisions to the existing planning application for the site in November.

Original high-rise plans for Bishopsgate Goodsyard site

John Mulryan, group managing director at Ballymore, said: “Bishopsgate Goodsyard is an incredible site, packaged with a great deal of challenges.

“Thanks to a combination of over five different railway lines and tunnels passing through this site, as well as many heritage assets and structures to be brought back into use, there are a number of site constraints in play.

“The site offers significant development potential that is also capable of being sensitive to the townscape.”

Tony Coughlan, Development Manager at Hammerson, said: “Working closely with the GLA and the local boroughs, we have reviewed our proposals with the aim of further optimising the number of homes, while maintaining a balanced mixed of uses.

“We are excited to bring forward this updated masterplan which we feel realises local ambitions and converts this derelict area into a vibrant new space; bringing a currently unused site back to life in the heart of Shoreditch.”

Latest news

Four men rushed to hospital after site accident

Eye-witnesses report a wall was knocked over on Edinburgh site
3 hours ago

Construction bond bombshell as major player quits market

QBE currently provides cover for 20 of the industry's 30 biggest contractors
18 hours ago

Balfour seals £192m deal for trio of Scottish substations

Work to start this summer to enhance electrical transmission in Argyll
17 hours ago

United Utilities names another 18 winners for £2.7bn water spend

Water giant cuts out large management contractors in latest spending round
1 day ago

Green light for £130m Dundee Eden project

Former gasholder site to be transformed into green house
18 hours ago

Four tower scheme in Glasgow gets green light

Go-ahead for major mixed-use scheme at Central Quay
18 hours ago

‘Green collar’ construction workers earning £134,000

Cost consultant T&T says insulation and heat pump trades earning £70 an hour in London
18 hours ago

£65m Trafford Waters resi blocks approved

X1 Developments plans over 200 homes in 13- and 8-storey blocks
18 hours ago

Over 100 firms win £1.5bn ICN housing framework

Great Places Housing Group names key partners for new homes programme
2 days ago

Steelwork firm went down owing £4.5m to suppliers

Subcontractors left holding unpaid invoices from SH Structures
2 days ago

Scottish civils firm to buy stake in piling specialist

Advance Construction in talks for 25% stake in Northern Piling Ltd
2 days ago

RSK secures £500m for fresh acquisitions spree

Acquisitive group aims to buy another 200 businesses by 2030
2 days ago

Beal Homes gets green light for £105m Humber scheme

Work to start on more than 500 homes in North East Lincolnshire
2 days ago

RED wins £20m East London office refurb

Grade II listed Victorian building to be upgraded to Cat A offices
2 days ago

Employee-owned Neilcott staff share £250,000 payout

Employee-owned building contractor sales jump 38% to £139m
3 days ago

Geoffrey Osborne supply chain hit for £26m

More than 500 suppliers and subcontractors left holding unpaid bills
6 days ago

Race for £800m South West Wales framework

Up to 16 firms face fight to renew spots on regional contractors framework
3 days ago

SME contractors agree 4% pay rise for site workers

Workers will also get an extra day of holiday
5 days ago

South East expansion paying off for Meldrum Group

Turnover up to £55m as North East based contractor expands national coverage
3 days ago

Wates boosts paternity leave to 12 weeks

Latest leave benefits apply from first day of working for contractor
3 days ago

Taylor Wimpey chief honoured with CBE

Jennie Daly recognised in King's Birthday honours
5 days ago

Labour to mothball £320m A27 job to fix potholes

Manifesto confirms Arundel Bypass canned as "poor value for money"
6 days ago

Lendlease’s £1.9bn Smithfield Birmingham scheme approved

Initial work to start later this year despite questions over Lendlease's degree of involvement
6 days ago

Crest Nicholson rejects £650m Bellway bid

Second Bellway approach rebuffed
6 days ago

Hill submits £800m East London estate rebuild plan

Over 1,900 homes to be built in five phase at Teviot Estate in Poplar
7 days ago

Plan approved for 8,500-seat Edinburgh indoor arena

Construction expected to start next year once a contractor is appointed
6 days ago

Statom starts on £25m Bristol Airport precast car park

Major work package on transport upgrade being overseen by Griffiths Farrans JV
7 days ago

Build problems plunge Crest Nicholson to a £31m loss

House builder unearths more defects on completed sites
7 days ago

Rebooted Amey lifts contract win rate to 1 in 3 bids

Amey chief says firm exceeded expectations in first year under new owners
7 days ago

BAM Nuttall fined £2.3m after worker drowned

Court hears how series of safety failures led to tragedy
1 week ago

Contractor services