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"What is particularly striking is that the bulk of these schemes are squeezed into a relatively small part of the Square Mile, gathered around the cluster of towers that includes 22 Bishopsgate, the Gherkin and the Cheesegrater. At least 18 major schemes – most of them towers more than 30 storeys in height – are now being drawn up for a stretch of land running from Broadgate in the north, past Liverpool Street station, down Bishopsgate and ending at Gracechurch Street in the south. From conversations that Building has had with developers and consultants, it seems at least 10 more schemes in the area are also being developed but have yet to be made public." "If the construction timelines of the City’s commercial developers are to be believed, most of these schemes will be built over the next five years. This would transform what is already one of the busiest thoroughfares in London – anyone who has attempted to fight their way down the narrow pavements of Bishopsgate at rush-hour can attest to this – into one huge construction zone dominated by walls of hoardings for most of the rest of this decade." #construction In Building Magazine, Tom Lowe discusses the surge of proposals for big developments in the City of London as well as how this could transform the area and spark competition between developers. Lowe also discusses the City's past smaller schemes, what it takes for the proposed schemes to be picked over others, the issues that could arise if schemes go ahead at the same time and much more. https://lnkd.in/eWCtzuj2

Is the City set for a new tower boom?

Is the City set for a new tower boom?

building.co.uk

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