The City of London Corporation is planning to create at least 1,500 new residential units in vacant parts of the Square Mile by 2030.
Despite the corporation approving three new towers this year, prompting a developer to declare “the era of the office is not over”, the authority has acknowledged there will be changes to working patterns in the post-pandemic era as it unveiled the new target this week.
A future strategy document released by the authority announced the 1,500 new homes policy and also said wants to make all new developments and refurbishments “high-quality, convivial spaces in buildings with a low environmental footprint”.
City of London Corporation policy chair Catherine McGuinness said: “We have been listening to businesses of all sizes in the City to understand how the pandemic has affected their ways of working and their needs going forward.
“Firms have told us that they remain committed to retaining a central London hub but how they operate will inevitably change to reflect post-pandemic trends, such as hybrid and flexible working.”
The document also said that the corporation wants to develop “new and improved public spaces that include opportunities for culture and exercise” and improve the experience of those walking or cycling on the City’s streets.
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