Hammerson and Ballymore have submitted revised plans for the regeneration of Bishopsgate Goodsyard which include 500 homes of which 50% will be affordable
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 a 10-acre mixed-use scheme in the heart of Shoreditch.
The plans, which are being submitted as an amendment to the existing planning application for the site, follow extensive public consultation and discussions between the joint venture, the GLA, Hackney Council, Tower Hamlets Council and other key local stakeholders.
Bishopsgate Goodsyard is part of Hammerson’s City Quarters concept which was announced in 2018 and will deliver mixed-use neighbourhoods.
The revised plans provide for 500 homes, of which 50% will be affordable. This is an increase on the 15% affordable previously proposed under the existing application, which was submitted in 2014.
The scheme will also provide 1.4 million sq ft of workspace in five buildings, including around 140,000 sq ft of affordable space.
The Bishopsgate Goodsyard 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.
Upon completion, the scheme will support over 8,300 jobs worth over £600m to the economy, as measured in Gross Value Add (GVA).
Nicola Zech-Behrens, senior development manager at 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.”
Tony Coughlan, development manager at Hammerson, added: “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 revised plans will be available on the GLA’s website in due course.