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    04 Nov 2021

    Sheffield Regeneration Master Plan: What to Expect in 2022

    The Heart of the City II regeneration project is well underway in Sheffield. The council continue to announce new elements to propel the project forward. What can we expect from 2022?

    As the Heart of the City II regeneration project moves forward in Sheffield, the council are unveiling more and more details. The master plan is attracting a number of high-profile names including HSBC, CMS, and Radisson Blu. Alongside them, big names in the Swedish fashion industry such as Weekday and Monki are choosing to reside in the newly regenerated city. As we can see, it is a very exciting time for Sheffield. Securing such big occupiers means the regeneration scheme is delivering on one of its key outcomes – creating new employment opportunities.

    As we enter 2022, property investors are seeking out new opportunities. For those investors who may not have considered Sheffield as an option before, the Heart of the City II regeneration is certainly turning heads. The city continues to grow every day.

    So, what can property investors expect to see from Sheffield in 2022?

    Block H – A New Cultural Heart in the City Centre

    Block H, located between Wellington Street, Carver Street and Cambridge Streets, sits at the Heart of the City II masterplan. The project aims to retain the cities traditional architecture, including some of the most interesting, beloved heritage buildings.

    The strategy for Block H is to create a ‘cultural heart’ for the scheme. This means combining new and old architecture, creating a destination that is unique to Sheffield. Most notably, award-winning architects Feilden Clegg Bradley Studios designed the project.

    The plan for Cambridge Street involves creating a large, industrial style-space for people to eat, drink, and be entertained. The project will rejuvenate the historic buildings currently residing in this area and will bring them back to life. Construction has begun on a number of new structures. They will complement the traditional buildings, creating an artistic and innovative piece of architecture. Surrounding this space will be a selection of shops, bars, and restaurants. Also, the existing Bethel Chapel building will be renovated into a live entertainment building.

    A Green City: Low Carbon Office Space

    In addition, located next to the new Cambridge Street cultural hub will be new, low-carbon office space. The visually striking architecture will provide 70,000 sq. ft of Grade A office over seven floors. On the ground floor, the development will contain shops, restaurants, and cafes. Above all, The Heart of the City is all about reconnecting the city centre. The architecture will remain consistent throughout, which is why this particular development will have a dark, metal finished inspired by Sheffield’s legendary industrial past. This complements the aesthetic and heritage of Block H. Construction is well underway, with a completion target in 2022.

    £20m Regeneration of Castlegate

    Moreover, the council have recently approved three new projects targeting under-used areas of the city and rejuvenating them. Castlegate is the centrepiece of the project. The Government’s Levelling Up Fund has allocated £20 million. With the introduction of new greenery and public spaces, the area will become a truly beautiful place to visit. For example, there will be two new arts destinations, giving the opportunity for artists and creators to work collaboratively. The Park Hill Art Space will offer a home to new artists across the city and provide a place to showcase work in one of the largest contemporary galleries in the north.

    As a result, cultural opportunities in Sheffield will become unlocked. This will establish a vibrant and colourful new quarter for residents which will draw in significant tenant demand. Because of this, Sheffield will become a major destination for arts, culture, and heritage. This is a major step towards changing the city’s reputation. Most importantly, a regeneration project of this stature is going to attract businesses, residents, and investors from across the globe.

    CityRise Verdict

    The council announced the Sheffield regeneration project in 2015. Fast forward to now, and the first phase has been built. The high-grade office spaces have all been fully occupied, including the new office of HSBC. As a result, new retailers and businesses have been opening up across the city. Subsequently, new life is being injected into the city. Greatness is unfolding in the successful city, one building at a time. As you can see, this momentum will head strongly into 2022 with plenty of new and exciting projects on the horizon.

    After a turbulent year, the Heart of the City II project could not have come at a better time. The urban project is crucial to the success, growth, and recovery of COVID-19. It will transform the infrastructure through innovative, modern design. With it, new buildings bring new housing, office space, and leisure space which ultimately revitalise the economy.

    For Sheffield, 2022 will be an extremely prosperous year. Exciting projects are on the horizon and the city’s streak of success is showing no signs of slowing down.

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