The City of London Corporation has opened the door to a new wave of towers and an overhaul of one of its main routes as part of draft new local and transport plans.
The local authority wants to encourage the development of new towers able to provide an “iconic image of the City” that will enhance its global standing in the finance, professional services and commerce sectors.
Its draft plan, which aims to map out policies to 2036, stated: “Further tall buildings will be encouraged where they can make a positive contribution to their surroundings and the skyline, adding to the tall building cluster in the east of the City.”
The City currently has 53 buildings over 75 m in height with 14 more in the planning pipeline, 10 of which are situated within the City cluster.
That cluster, centred on the trio of skyscrapers on th 225 m Leadenhall Building, the under-construction 278 m 22 Bishopsgate and the planned 289 m 1 Undershaft, is expected to spread southwards towards the 20 Fenchurch Street tower.
Employment in the City cluster is forecast to rise from 115,000 to 200,000 if all towers currently in the planning pipeline are completed.
The City of London Corporation said the increase in density will have an impact on footfall, as well as put more pressure on public transport and the surrounding roads– some of which may close temporarily or be pedestrianised.
This is expected to drive a number of road improvements and remodelling of several key transport arteries, including Bishopsgate, which leads from London Bridge to Liverpool Street station.
The borough is seeking to work with Transport for London, which operates the main thoroughfare, to turn the Bishopsgate corridor into a key walking route.
The transport plan states: “A street’s position in the hierarchy will be one factor that helps inform decisions on how space is allocated between different users and uses of that street.”
The City’s draft transport plan includes the first of its new healthy street plans, roads and streets will be redesigned to introduce pedestrian priority, improve the experience of walking and cycling, and enhance the public realm.
The first three healthy street plans are expected to be developed by 2022 and will cover the Barbican and Smithfield, Bank and Guildhall, and the City cluster and Fenchurch Street, which will be linked to the Fenchurch Street Station upgrade.