Greycoat Real Estate has secured planning permission from the City of London to redevelop 1 Stonecutter Court and 81 Farringdon Street, a set of office buildings in Clerkenwell. The redevelopment scheme will provide over 340,000 sq ft of Grade A office space spread across 13 floors, as well as 12,000 sq ft of retail space and six roof terraces.
The scheme, designed by architect TP Bennett, will involve the demolition of 1 Stonecutter Street and 81 Farringdon Street. The buildings are built around the Hoop & Grapes, a Grade II listed Public House, which will be retained. Demolition of the buildings is expected to begin in the second quarter of the year, with construction expected to start in May and the building works estimated to be completed by September 2022.
James Elliott, Director at TP Bennett, said “The design team turned these critical site parameters into positives, using them to inform the design and character of the development. The appearance and materials have been carefully chosen to reflect the local area’s history and indeed future and ensuring the amenities respond to ‘new tech’, creative and city commerce that are all attracted to this fast-changing mid-town location.”
The site is located close to Goldman Sachs’ new headquarters building at 70 Farringdon Street, which is being built by Multiplex. Farringdon is already a popular business location, but is expected to experience a significant boost from the new Crossrail station, which is expected to open in autumn 2019.