22 Bishopsgate is the site of the former Pinnacle development.
The Pinnacle was designed in 2003 and granted planning permission in April 2006. Construction work started in 2008 but following the credit crunch, was abandoned in 2012, leaving just a seven-storey concrete core construction.
The site, at the centre of the City of London’s cluster of tall buildings, was acquired for £300m in February 2015 by developer Lipton Rogers, funded by investors led by Axa Real Estate.
The new proposal, designed by PLP Architecture will create 1.4m sq feet of net usable space, in a 62 storey, 278m tall tower. It will accommodate more floorsapce than the original Pinnacle, but will be 10m shorter.
At just 30m lower than the 73-storey Shard, the tallest building in Europe, 22 Bishopsgate will be the tallest building in the City of London, and is described by Stuart Lipton as "…the first vertical city tower in London".
22 Bishopsgate will accommodate 12,000 people and up to 100 companies. It will include a range of ‘common spaces’ where people can eat and meet as well as indoor gardens, quiet areas and interactive spaces. A free-to-access public viewing gallery will be provided at the top of the tower.
It has been designed to achieve an ‘excellent’ BREEAM rating.
A planning application was submitted in July 2015 and was approved by the City of London in November 2015.
In December 2015, Mayor of London Boris Johnson backed the proposals, saying “After lying abandoned for four years, 22 Bishopsgate will now get off the ground, providing much needed office space for thousands of city workers and a positive addition to the world-class architecture of the capital’s skyline. There will be more than 800,000 new jobs created in London over the next 20 years and there is no doubt that tall buildings that are sensitively managed, well designed and in the right place will continue to create the new office space the city needs to retain its place as one of the business capitals of the world.”
Sir Stuart Lipton said: “The Mayor has recognised 22 Bishopsgate as a major contribution to the on-going vitality of the City of London with a distinguished and interesting building that includes a number of new innovations designed to put the health and wellness of people first and which aims to be the first building in London to adopt the new Delos WELL building standard.”
However, the proposals have not been without controversy, with the design being been criticised for over-occupying the site and for visually drawing together its neighbouring towers into a single lump.
It is anticipated that construction will begin in March 2016, with completion in 2019.
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