Plans submitted for £1.9bn Smithfield regeneration
Birmingham City Council has received plans for the first phase of a regeneration of the Smithfield district of the city centre.
The £1.9bn regeneration, overseen by Lendlease, would see the development of a new home for the historic Bull Ring Markets, leisure and cultural facilities, as well as new offices and 3,000 new homes.
Smithfield is an area in Birmingham city centre consisting of the former wholesale markets, plus the current Indoor, Open and Rag markets as well as some land and buildings.
Birmingham City Council announced LendLease as the preferred development partner for Smithfield in January 2019.
The first phase of the development would see a new home for the Indoor Market, Rag Market and Open Market, as well as the construction of new business and leisure spaces including cafés, restaurants and bars.
If approved, construction is expected to begin this year, with the first phase completed in 2027 and full development anticipated to conclude in 2035. Lendlease said the mixed-use scheme would generate 44,000 sq m (473.6K sq ft) of retail space.
Lendlease estimates that the Smithfield scheme will generate $3.5 bn (c.£3.07bn) total estimated development end value.
The design team working on the first phase of the developments includes Prior+Partners, David Kohn Architects, dRMM, Intervention Architecture, Haworth Tompkins, Minesh Patel Architects, and RCKa.