- Tribeca Belfast will create circa 60,000 sqm (GIA) additional employment floorspace in Belfast city centre.
- During construction an average of 600 construction jobs per year will be created.
- Tribeca Belfast will accommodate an estimated 1,600 additional jobs on completion and contribute £213 million per annum in GVA to the local economy.
- Cumulative income to local government over 20 years will be approximately £23 million (net present value).
Amendments to the outline planning application for Tribeca Belfast, which were originally submitted by Castlebrooke Investments in October 2017 and subsequently significantly amended in August 2019, have tonight (Tuesday 21st January 2020) received planning approval from Belfast City Council.
The development is expected to yield substantial economic benefits including the estimated creation of 1,600 new jobs on completion.
Tribeca Belfast is a £500m urban regeneration scheme on a 12-acre site located beside St Anne’s Cathedral bounded by Royal Avenue, Donegall Street, Lower Garfield Street and Rosemary Street. Planning permission has already been granted for the first phase, with the outline covering the remaining two thirds of the site.
Castlebrooke Investments unveiled a series of positive changes to its original outline planning application in June 2019. A voluntary ten week public consultation process, which was launched at the end of June, invited feedback from city stakeholders, residents and members of the public through face to face meetings, a public exhibition and architect-led walking tours.
The new plans incorporate a greater degree of retention of non-listed building fabric which further retains the best elements of the historic streetscape.
Castlebrooke Investments has committed to bringing North Street Arcade back into use in a new format, with space designed to accommodate local independent retailers.
Neil Young, chief executive of Castlebrooke Investments, said:
“This is the start of a major regeneration for a vital part of Belfast city centre and we are delighted that approval has been granted. It sends a clear message to other investors that the city is open for business. With these changes we have sought to listen to the feedback of our stakeholders in Belfast and we believe that our architects, Squire & Partners, and specialist conservation architects, Consarc Design Group, have incorporated these changes into a scheme which will revitalise this important area of the city. We would like to thank Belfast City Council for reaching this decision tonight and we look forward to beginning on site as soon as possible.”
Murray Levinson, partner at Squire & Partners, said:
“This phase of Tribeca Belfast will create a re-energised part of the city, and we are pleased that it has taken a step forward today with planning approval from the Council. Our amendments to the outline planning application will retain and repair significant historic buildings and create new contemporary developments, together reinvigorating the conservation area. This truly mixed use scheme will allow people to live and work together in this part of the city centre.”
Jonathan Mitchell, director of Castlebrooke Investments, said:
“We have been working on Tribeca Belfast for many years and it is fantastic to see such a significant step forward taking place today. We listened to the concerns of interested parties through our voluntary public consultation process and this effort has been recognised by Belfast City Council. Our attention now turns to moving forwards with our detailed plans and beginning work on site as soon as possible.”