70 Gracechurch Street – Credit: Pixelflakes
The City of London has approved a new 33-storey tower in the Square Mile.
Hong Kong developer Tenacity, which had earlier declared the “era of the office not over” after winning planning permission for a nearby 30-storey tower at 70 Gracechurch Street last month, has now secured the green light for the building at 55 Gracechurch Street.
The newly approved scheme will be made up of three staggered elements as well as a retractable vehicular lift, which will be turned into public space by day. It has been designed by architect Kohn Pederson Fox and aims to achieve a BREEAM Outstanding rating through use of measures including living roofs, terrace planting and a green wall.
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Gracechurch Street, London
The City of London Corporation has today (26 January) granted planning permission for a 30-storey office-led development in the City Cluster, the Square Mile’s first tall building approval of 2021.
The approved Tenacity scheme at 55 Gracechurch Street, located between Monument station and Leadenhall Market, embodies many of the emerging trends for post-pandemic office space – delivering a ‘workplace destination’ alongside extensive retail, cultural, public art and open space.
The new office areas will include social and breakout zones to promote collaboration and innovation, and the building’s floorplan offers space for large businesses as well as SMEs and growth stage companies.