Leadenhall Market tower development gets the green light
The development of a 32-storey tower which aims to rejuvenate Leadenhall Market has been given the go-ahead by The City of London Corporation’s Planning Applications Sub-Committee.
As well as over 290,600 sq ft of office space, the tower will be home to a ground-floor public hall with food, event, and retail spaces.
The development will also see the reopening of the pedestrian route between Gracechurch Street and Lime Street Passage, which aims to increase footfall into the market.
The tower will feature a heritage garden and free public exhibition on the fifth floor, which looks to celebrate the history of the site which was once home to the Forum and Basilica, the centre of Roman London.
The proposals, designed by architects Woods Bagot for developers the Hershten Group, will also look to restore the building’s 1930’s-era facade of the nine-storey building currently on the site, with the new development to be constructed directly behind.
Chair of the City of London Corporation Planning Applications Sub-Committee, Shravan Joshi, said: “Developments such as this are a vote of confidence in the City as a global business hub and will helps us meet the continued demand for high-quality office space in the Square Mile.
“This scheme sets a high bar for others to follow. It will create major new public hall, a pedestrian route and a cultural space showcasing the rich history of this part of London, supporting our destination city vision of the Square Mile as a seven-day-a-week visitor destination.”
He added: “This development will create new jobs, boost the economy of the Square Mile and drive significantly increased footfall to Leadenhall Market, helping to boost the market’s appeal as a major visitor destination in its own right.”