The new building, designed by PLP Architecture, stands 278 metres tall, which is 10 metres shorter than the previously planned Pinnacle.
22 Bishopsgate is the site of the former Pinnacle development, which was granted planning permission in April 2006. Construction was started but stopped in 2012 when the money ran out. Only the foundations, basements and the lift core up to level nine were completed. Of the existing structure, the foundations and basements will be retained, helping minimise the disruption from the new proposal. The concrete stump will be removed.
PLP, led by Karen Cook, also designed The Pinnacle. The new design follows the acquisition of the site earlier this year by a consortium of international investors led by AXA Real Estate, with Lipton Rogers acting as development partner.
22 Bishopsgate will provide 130,000 m2 (1.4 million sq ft) of net usable space over 62 storeys. At the top of the building will be a public viewing gallery, which will have dedicated lifts, be free to the public and sit alongside a two storey public restaurant and bar.
Sir Stuart Lipton of Lipton Rogers said: "22 Bishopsgate will represent an elegant addition to the City of London at the heart of the cluster of tall buildings. Technically advanced with care for people at the heart of its strategy and taking new ways of working as its essence, the building will assist personnel to feel motivated and earn its place as the finest working environment in Europe with wellbeing and a range of social facilities that make the work experience less stressful, as well as more uplifting and efficient."
Anne Kavanagh, global head of asset management and transactions at AXA Real Estate, added: "Our commitment to develop 22 Bishopsgate is driven by London's status as one of the preeminent world cities and its continued capacity to generate employment and growth. As with our other projects, 22 Bishopsgate has an underlying commitment to create a sustainable building environmentally, socially and economically."
Pictured below is the original design for The Pinnacle, dubbed by some 'the helter skelter'