Castlebrooke Investments has today revealed the name for its world leading £500m urban regeneration scheme which will deliver 1,500,000 sq ft of prime residential, Grade A office, retail, food and beverage space in Belfast city centre.
Tribeca Belfast, which reflects the development’s location as the ‘Triangle beside the Cathedral’, is the largest single regeneration project in Belfast city centre.
The 12 acre site is located beside St Anne’s Cathedral bounded by Royal Avenue, Donegall Street, Lower Garfield Street and Rosemary Street.
Neil Young, chief executive of Castlebrooke Investments, said:
“The name Tribeca Belfast reflects the geography of the site and links our brand of ‘International Heart, Belfast Soul’. The development is rooted in the aspirations of the city to become more international and build on the optimistic spirit which is already alive in the city. The scheme is the embodiment of the positivity surrounding Belfast and it will become a benchmark for UK regional cities.
“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 were attracted to the city because this site has an existing, comprehensive and detailed planning permission which we are striving to modernise. 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.”
Estelle Hunt, director of Castlebrooke Investments, said:
“Tribeca Belfast will be an iconic development in the heart of the city which will encourage people to enjoy it as an outstanding place to live and work. Belfast is a city in transformation. It has a burgeoning population of educated, ambitious and young adults with a desire to live in the city centre, close to gyms, restaurants and their work places. To meet this increasing expectation, Belfast is in need of a changed urban landscape and the regeneration of Tribeca Belfast caters for this requirement.”
Jonathan Mitchell, director of Castlebrooke Investments, said:
“The first phase of Tribeca Belfast will deliver two Grade A office buildings comprising in excess of 180,000 sq ft, one of which has been designed to international headquarter office standards. Additionally the first phase will include 24 luxury apartments and ground floor retail/food and beverage units.
“Recently Castlebrooke Investments revealed the first images of plans for the listed building on Lower Garfield Street – branded as Garfield & North.
“The building, which is one of the most treasured listed buildings in the city centre, corners Lower Garfield Street and North Street. We have commenced a sensitive refurbishment to protect and preserve this heritage building bringing one of Belfast’s most renowned heritage assets back into meaningful use. Garfield & North will regenerate the existing derelict listed structure.”