One Tower Bridge

One Tower Bridge
Overview
  • Location: South Bank, London
  • Client: Berkeley Homes
  • Destination: One Tower Bridge
  • Role: Long term involvement in support of Berkeley Homes' landmark development on the South Bank

Fourth Street oversaw the identification and selection of a cultural tenant for this iconic Berkeley Homes development on the South Bank.

One Tower Bridge promises to be a spectacular new addition to the South Bank, featuring a landmark destination for both residents and tourists.

One Tower Bridge is a landmark mixed use development and one of Berkeley Homes’ most high profile projects.  At the foot of Tower Bridge, opposite the Tower of London, next to City Hall and occupying the last major undeveloped site on the South Bank, it has the potential to be London’s next great destination.  Fourth Street consultants have been involved with the project since 2004, providing expert witness evidence at two successful Planning Inquiries and providing specialist advice on the arts, heritage and leisure markets throughout its design and development.

In partnership with Southwark Council, Berkeley Homes agreed to provide over 6,000 sqm of flexible space with direct river frontage for a ‘cultural user’ of substance that would cement the South Bank’s identity as one of London’s premier visitor destinations.  Berkeley Homes were resolute in their determination to find a cultural tenant befitting the site’s quality, profile and importance — a tenant that would contribute to the local sense of place, complementing its neighbours, improving the quality of life in Southwark and enhancing the rich cultural offer of the South Bank.  Fourth Street was tasked with leading this process.

Through a lengthy period of market testing, we spoke to over 100 organisations, both domestic and international.  This broad consultation informed the development of a brief that attracted a wide range of proposals.  A robust appraisal led to a shortlist of exceptionally strong candidates.  Fourth Street then worked alongside the client to evaluate final submissions and interview the shortlisted parties.  Based on our recommendation, an agreement was reached with the preferred and the enthusiastic approval of both Berkeley Homes and Southwark Council.