The Richland Group is proposing to redevelop the site to provide a 12-storey building comprising 250,000ft2 of Grade A office accommodation, ground floor retail/ cafe units and car parking. The proposed scheme, named ‘One Bankmore Square’, also proposes a redeveloped public space at Bankmore Square. The total development cost is estimated at approximately £65m. Savills and Lambert Smith Hampton are joint agents.
Richland Belfast One Ltd submitted a planning application (LA04/2017/0562/F) in March 2017 proposing to demolish the existing cinema building and develop a 12 storey Grade A office building comprising eleven floors of offices (250,000ft2) above a ground floor foyer and retail units (7,500ft2) and basement parking (50 spaces). The proposal also comprises refurbishment of Bankmore Square open space and public realm works to adjacent footpaths. The application was approved in May 2017.
Further information on the proposed One Bankmore Square development can be found on the official website at www.onebankmoresquare.com.
The existing four-storey building on the site comprises a 10 screen cinema, two commercial units at ground floor and a 500 space multi-storey car park. The £12m scheme was designed by Consarc Design Group and developed by the Sheridan Group between 1992 – 1993 (planning ref: Z/1990/2630).