The City of London Corporation has approved Helical Bar’s proposal for a mixed use development at the former St Bartholomew’s Hospital site in East Central London, UK.
A planning application for the site was submitted by Helical Bar in February 2012.
Helical Bar and its joint venture partner, the Baupost Group, bought the site in 2011, which is located next to St Bartholomew’s Hospital, for £55m, and renamed the site as Barts Square.
The buildings on the site are currently let to the NHS, but will become vacant on a phased basis during the course of the next two to four years.
As per the plans, the existing buildings will be demolished to create new structures of about 12 storeys in height.
Designed by architects Sheppard Robson, the scheme will feature 230,000 square feet of office space in two buildings and 215 residential apartments in 17 buildings, with retail space at ground floor level.
The scheme will also feature 18,800 square metres of housing and 2,300 square metres of shops and restaurants.
Helical Bar expects to start work on the scheme in 2014 and complete it by 2018.
Helical Bar development director Gerald Kaye said: "Our focus will now be to further progress the design to deliver the sympathetic and considered scheme that the area deserves."
A spokesman for the City of London was quoted by the Architects’ Journal as saying that the scheme had been approved subject to conditions cleared by its legal teams.
GVA Second London Wall is acting as the project manager, while the UK-based DP9 acted as planning consultants for Helical Bar.
Image: The development wll be carried out at the site next to St Bartholomew’s Hospital in London. Photo courtesy of pandrcutts.