£700m Paradise Project Progresses in Birmingham City Centre

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Through a private-public joint venture, Birmingham City Centre is undergoing one of the region’s biggest developments. The £700m redevelopment scheme in Birmingham city centre will bring up to ten new buildings including Grade A offices and a 4* hotel, built over a two-level basement car park.

Part of the ‘Big City Plan’, the regeneration of the former Paradise Circus involves a major change to the infrastructure around the site including highways realignment and utilities diversions, the incorporation of tram lines for the new Midland Metro system and the demolition of a number of buildings, including the old Birmingham Central Library.

The overall project is due for completion in the mid-2020s and will have eight office-led buildings, a new hotel, units for cafés, restaurants, shops and a redrawn traffic flow around the old Paradise Circus island. The project also includes extensive public realm including new public squares which will link the commercial quarter of the city centre with the new Library of Birmingham, International Convention Centre, and Brindleyplace. 

The first phase of development at Paradise started on site in January 2015. Phase One comprises One Chamberlin Square & Two Chamberlin Square. New striking aerial images of the progress on the first building to be developed - One Chamberlin Square – have been released ahead of its opening in Summer 2019 (Top Photo). The plot where a run-down mall used to stand can also be seen in the images after it was razed to make way for Two Chamberlain Square (CGI Impression in Bottom Photo) – an 8 storey, 183,000 sq. ft landmark building and working space. The expected completion date of this building is Autumn 2019.

The first building in the second phase of the Paradise development comprises an office building called Three Chamberlin Square and a new 250-bedroom hotel. One Centenary Way (CGI Impression in Middle Photo) will also have space for shops and restaurants at ground level, all designed by Birmingham-based Glenn Howells Architects. The building's construction is planned to start later this year, with completion during 2022.

The Paradise redevelopment is being brought forward through a private-public joint venture with Birmingham City Council. The private sector funding is being managed by Hermes Investment Management and Argent is the development manager.

The developers have released a short, animated video showing how the £700 million Paradise project will look. The video showcases the new office buildings and public space planned for the site in Chamberlain Square. To watch the video click here.

Financial services firm PwC will occupy the whole of the first building at the £700 million Paradise scheme in a move which could see the firm add 1,000 more staff to its Birmingham team.

Chris Taylor, head of private markets at Hermes Investment Management has said, "Paradise is of pivotal importance to the rejuvenation of Birmingham city centre as a dynamic commercial destination, attracting talent and global capital. The extensive enhancements we have made to Paradise, together with world-class placemaking and environmental improvements, will help transform the city centre and create a sense of pride, identity and belonging for the wider citizens of Birmingham."

 

Source: Birmingham Live