CAPITAL WATCH ISSUE 1 2018

environments for both work and leisure. With the borders between Shoreditch and the City blurring in recent years, there are concerns that this could dilute or even sanitise the unique characteristics of Shoreditch. Whilst the inevitable expansion of the City core could well see changes take place in Shoreditch, it is too soon to say whether these will be negative. In fact, there are potential positives on the horizon, with better footfall for retail, better transport and more investment into the public realm. So, whilst there are questions concerning the ongoing changes in the fabric of Shoreditch, the future looks very positive, and the unique characteristics and history of the area are set to be protected and potentially even improved. The White Collar Factory is not the only new office development in Shoreditch, as a total of nearly 1.3million sq ft of newly built or refurbished stock was delivered since 2015 the priorities for the next 15 years, whilst 65% wanted to see less office development. Improvements to open spaces and the road network were also high on the agenda of local residents and workers. It is perhaps no surprise then, that the Old Street roundabout is set to be redeveloped by both TfL and Islington Council. Over 100 entries were submitted, of which 39 were longlisted – with just four making the final shortlist. These designs include features such as street art, bee-friendly planting, an automated cycle parking structure, a forest of lights, and a reflective “lens” which forms a focal point for performances, play and relaxation. The common theme here is that once the roundabout is removed, the area will be redesigned and “given back to the people”, with a focus on open space and pleasant CUSHMAN & WAKEFIELD 38 PAST, PRESENT, FUTURE