Stanhope’s plans for a major development at 8-10 Moorgate in the City of London have been recommended for approval.
Planning officers at the City of London Corporation have said Stanhope, Schroders and the Clothworker’s Company proposal to develop a scheme on an island site in the Bank Conservation Area provided a ‘robust contemporary design’.
The site is located at 8-10 Moorgate, 3-4 Kings Arms Yard, 16-17 Tokenhouse Yard and 8-10 Telegraph Street
The Allies & Morrison-designed scheme will involved the demolition of three of the five existing buildings to create a single building with 164,442 sq ft of office space, one retail unit and nine flats.
However, it is the second time Stanhope’s scheme has been recommended for approval.
In September last year the 200,000 sq ft scheme, designed by Allies & Morrison, was recommended for approval but did not receive consent and was referred back to the planning office.
The scheme received a range of objections from the City Heritage Society, the Victorian Society, and the City of London Historical Society. Neighbouring landlords Invista Real Estate, freeholder Applepeach and David Pearl’s Structadene all opposed ‘overdevelopment’.
Final approval will be decided at the corporation’s transportation and planning department committee meeting on Tuesday.