Lipton Rogers Developments has submitted a planning application on behalf of LaSalle Investment Management for the redevelopment of 1 Silk Street in the City of London.
The development will provide 91,100 sq m (circa 980,000 sq ft) of high quality commercial space including 2,189 sq m of new retail and community uses and 2,406 sq m of public realm.
The existing office scheme is occupied by Linklaters, which is set to vacate the site next year. The redevelopment of the scheme, which has been designed by SOM, will see approximately 40% of the building’s original structure retained by reusing the existing basement and foundations.
Gary Moore, head of international accounts, Europe, at LaSalle Investment Management, said: “The proposals for 1 Silk Street will deliver best-in-class commercial building space that supports the City of London’s Destination City ambitions, maintaining the Square Mile’s position as a globally competitive financial district.
“Following significant local engagement, we are pleased to present designs that will improve the surrounding public realm and environment through a combination of cultural, amenity, and sustainable uses. We look forward to contributing towards a significantly improved offering in a growing cultural destination in the City.”
Sir Stuart Lipton, founding partner of Lipton Rogers, added: “The 1 Silk Street planning application marks a bold step in redefining workspace and cultural integration in the heart of the City of London. This visionary redevelopment will deliver sustainable, high-quality offices while enriching the Barbican area with dynamic retail, public, and cultural spaces. With a strong commitment of environmental responsibility and community engagement, we aim to deliver a new thriving destination that meets the evolving needs of businesses, visitors, and local institutions.”
Kent Jackson, partner at SOM, said: “Our vision is to deliver a new landmark for this part of London – one that introduces dynamic retail and cultural spaces, creates new public realm, and strengthens important pedestrian connections. Expanding upon the area’s existing cultural legacy, these elements will help to reimagine this corner of the city as a vibrant destination whilst creating a bold new architecture that has a positive contribution to the City of London’s Destination City strategy.”
