Hammerson and Ballymore unveil new plans for Bishopsgate Goodsyard
The joint venture between 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 developers have scrapped plans for two high-rise buildings and taken a million sq ft out of the total scheme to produce a lower density scheme with a greater diversity of uses. This includes 1.4m sq ft of offices and affordable workspace, 175,000 sq ft of retail, up to 250 homes 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 an elevated park.
The project will form a part of Hammerson’s emerging City Quarters programme. The revised plan also includes a new east-west pedestrian street running from Brick Lane to Shoreditch High Street. The revisions will also see more of the site’s heritage retained, with the listed Braithwaite Viaduct arches opened up to the public and the Oriel Gate restored to become the ‘gateway’ entrance to the site from Shoreditch High Street.
Hammerson development manager Tony Coughlan said: “The Goodsyard is a highly challenging site with a large number of constraints and comes with a fascinating history. Our updated proposals will provide a vibrant mix of uses and reduced density, while preserving and showcasing the site’s unique heritage and character.”