Tribeca Belfast – Name Revealed For £500m City Centre Regeneration Project

Posted: by November 29th, 2018

A £500m redevelopment project for Belfast City Centre has been named Tribeca Belfast.

To announce the name of the plan, which is proposed by London-based Castlebrook Investments, a promotional video was released, voiced-over by Jamie Dornan.

The scheme is set to be the largest regeneration project the city has seen and will deliver 1,500,000 sq ft of prime residential, office, retail, food and beverage space.

The name ‘Tribeca’ reflects the development’s location, as the ‘triangle beside the cathedral’ (much like the Tribeca area of New York which represents the ‘triangle below Canal Street’). The name is also said to link the brand of ‘International Heart, Belfast Soul’.

The 12 acre site is located beside St Anne’s Cathedral and bordering Royal Avenue, Donegall Street, Lower Garfield Street and Rosemary Street. The project includes what has been described as a ‘sensitive refurbishment’ to preserve a listed building on Lower Garfield Street. 

The aim of the scheme is to build on the existing buzz and spirit of Belfast, whilst transforming it into a more international, world-leading city.

At a media briefing on Wednesday 29th November, CEO of Castlebrooke, Neil Young said: “Our aim is to transform the city centre through comprehensive regeneration, putting Belfast at the forefront of British and European cities. On completion, the scheme will create a new urban realm that blends the area’s history with state-of-the-art-design. It will provide 1,500,000 sq ft of best in class mixed-use space.

“We want people to know that the development is moving forward. We have already invested £50m of cash in site assembly, planning and professional fees and we plan further major investment,” continued Mr Young.

The first phase of Tribeca will be two Grade A office buildings comprising in excess of 180,000 sq ft and will include 24 apartments and ground floor retail and hospitality units. Mr Young said work is due to begin next year and completion of the first phase could come as early as 2021 but he noted that uncertainty around the EU and other political circumstances could ‘massively change’ the plans. 

For more information, visit: Tribeca-belfast.co.uk

 

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