Regeneration plans for the Bishopsgate Goodsyard in east London have reduced in height and scale following extensive consultation. The new revised plans were submitted for the 10 acre mixed-use scheme in Shoreditch, which also include the addition of new streets and a building for cultural space on Brick Lane.
Hammerson and Ballymore are leading the development to deliver 500 homes, 1.4 million sq ft of workspace in five buildings, and a high line-style public park sitting on top of the restored railway arches.
The revisions for the site will see half of the homes delivered be affordable, an increase on the 15% previously outlined, along with a 25% increase in the number of public realm space. The six-acre public realm will cover over 50% of the whole site.
These regeneration plans were shaped following an extensive public consultation and constructive discussions between the joint venture, the GLA, Hackney Council, Tower Hamlets Council and other key local stakeholders.
“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,” said Nicola Zech-Behrens, Senior Development Manager, Ballymore.
“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,” added Tony Coughlan, Development Manager at Hammerson.
The scheme is expected to make a significant contribution to the local area and London, supporting over 8,300 jobs worth over £600 million to the economy.
The revised plans will be available on the GLA’s website shortly.