The City of London Corporation has approved plans for Broadgate's new One Liverpool Street development which will include a mix of office and retail space.
On 5 November the City of London Corporation’s Planning and Transportation Committee approved Aviva Investor’s plans for a 10-storey office block with ground-floor retail at One Liverpool Street.
The site, situated at 1-14 Liverpool Street and 11-12 Blomfield Street, will provide an enormous 260,000 sq ft of office space and 6620 sq ft of retail space.
Designed by Eric Parry Architects, the development will further add to the burgeoning retail and office offer near Liverpool St station – as seen with all the construction sites in the area right now. It will contribute to the City’s attractiveness as a world leading international financial and business centre.
It also aligns with the Corporation’s Local Plan which encourages a mix of commercial uses within office developments that add to the City’s economy and character and provide support services for businesses, workers and residents.
Aviva Investors has an existing agreement with Transport for London to develop the building at the Liverpool Street Elizabeth Line station entrance.
The entrance to the new Crossrail Liverpool Street station is located immediately to the north of the site, across a proposed area of pedestrianised public realm. The scheme will be car free, and there will be 296 long stay cycle parking spaces and associated facilities complementing the high levels of public transport accessibility needed in the area.
One of the other main transformative plans for the Broadgate area comes in the for of Exchange Square being turned into a park. This forms apart of the Corporation’s plans to make the City a more welcoming and sustainably minded space. Trying to distance itself from New York which is known for being a concrete jungle. London differs hugely in that way.
And the City of London is trying to match it with new spaces like this and the rooftop garden at 120 Fenchurch Street – also designed by Eric Parry Architects. They’re even hoping to revitalise the north bank of the river with a total overhaul.
Alastair Moss, Chair of the Planning and Transportation Committee at the City of London Corporation said:
“The redevelopment plans approved today will strengthen the already-strong retail and office offer in the Liverpool Street area of the City, consolidating our world-beating financial and professional services presence.
“London continues to be a magnet for renowned names and significant investment. As the UK’s leading financial district, it will remain a hub for workers, tourists and residents in the coming years.
“The continued growth of the Square Mile’s working population – and the forthcoming Elizabeth Line – makes schemes like this all the more important. We need further sustainable development to future-proof the City and ensures it continues to evolve to meet changing demand.”