Hong Kong developer Tenacity plans to build the tower at 55 Gracechurch Street, between Monument station and Leadenhall Market.
It intends that it will be the 聽first tall building in the City Cluster to achieve a BREEAM 鈥極utstanding鈥� rating. Sustainability measures include re-using and recycling building materials, being energy efficient and systems that allow for free cooling for most of the year.
Green walls, green roofs and tree planting will be used to reduce noise and air pollution.
The building has been designed by Fletcher Priest Architects.
The scheme offers more than 34,000 sqm of office, almost 2,500 sqm of retail and more than 1,600 sqm of publicly accessible garden terrace and open space.
While new City buildings tend to boast large floor plates to attract banks and trading houses, the smaller floorplates are designed to cater for business outside of insurance and investment banking.
Alastair Moss, chair of the planning & transportation committee at the City of London Corporation, said: 鈥淲e remain positive about the long-term future of the City office despite the current lockdown. It is fantastic, therefore, to see this significant vote of confidence from the developers of 55 Gracechurch Street.
鈥淭he building design embraces emerging development trends, such as flexible workspace, greening and access to fresh air 鈥� all of which were rising trends that have now been embedded into building design as a result of the pandemic.
鈥淥f particular merit to this development is an innovative ventilation strategy which uses fresh air, filtered from outside, to cool the office floors.
鈥淭he development will even reuse stonework from the existing building and include recycled steel with a commitment of an impressive 98% diversion of construction waste to landfill.鈥�
Tenacity Group founder and cheif executive Patrick Wong said: 鈥淭oday marks a significant milestone for us and underlines our commitment to the City of London and the future of truly sustainable office buildings in the City.
鈥淒espite the events of the last twelve months and the changes and challenges that we have all witnessed, Tenacity is quite clear that the era of the office is not over. Far from it. We believe the future is bright for the right kind of space 鈥� space that 55 Gracechurch Street will provide 鈥� that embraces sustainability and provides flexibility, puts the needs of the workforce at its core but also engages with the wider community around it.
鈥淭oday鈥檚 decision reinforces that view, and we look forward to working with the City to bring our vision for 55 Gracechurch Street to fruition.鈥�
Tenacity also has plans for a 33-storey tower at 70 Gracechurch Street in the City, called , to provide around 600,000 sq ft of office and retail space.
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