Project also includes office and retail components
Legal & General has submitted plans for a mixed-use development in the Bristol Temple Quarter regeneration area.
The Temple Island scheme aims to create a new urban district of 520 homes, two new office buildings, retail space, flexible workspace, and a new hotel.
L&G first announced its plans for a £350m investment in the area in 2021.
The scheme will be divided across four residential blocks, two office blocks, one hotel building and one flexible and a commercial use building, which together will cover a 1.23ha site.
A 70m residential tower will be the development’s highest block.
The insurance and pension giant said it was working with Bristol City Council and the West of England Mayoral Combined Authority to provide 40% of the homes at social and affordable rents.
Zaha Hadid have been engaged to design the masterplan, while LDA Design have been picked for public and landscaped areas.
All of the commercial buildings will target BREEAM Outstanding status.
Tony Dyer, leader of Bristol City Council: “It’s great to see proposals for much needed new homes and commercial space submitted for Temple Island.
“The Council has been working with L&G for a long time to bring these plans forward, so this is an exciting milestone to reach after so much hard work.
“Temple Island will be a key part of the wider Bristol Temple Quarter area, contributing to our ambitions to deliver 10,000 new homes and thousands of new jobs across the area.
>> Read more: Planned retrofit ramp-up sees Legal & General’s affordable arm double assets target
“This planning application is a brilliant springboard to kickstart 2025 for Bristol Temple Quarter, which looks set to be a significant year for the project.”
Ben Rodgers, head of regeneration, L&G Asset Management: “Legal & General seeks to deliver precisely targeted investment through a place-based approach to creating transformative mixed-use communities.
“We are excited by the opportunity to regenerate Temple Island, revitalising the urban landscape and providing the key infrastructure that businesses, universities, and the public sector need to thrive alongside much-needed housing for the local population in Bristol.”
Wider plans for the regeneration of Temple Quarter include a refurbished Temple Meads railway station and a new campus for the University of Bristol.
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