A rundown 1970s red-brick building which sits on the northern bank of the Floating Harbour in Bristol could soon be demolished and replaced with a highly-sustainable landmark building, which would have the capacity to accommodate 1,000 workers.
One Passage Street sits next to the Cheese Lane Shot Tower and opposite the popular Bridge Inn. It is currently occupied by the BIMM music school, which is relocating to purpose-built facilities at St James House, near The Bearpit.
The neighbourhood has seen significant changes, including Finzels Reach, Castle Park View and The Assembly, with the investment helping to create a mixed-community in the heart of the city centre.
One Passage Street is now considered to be 'lagging behind' the improvements.
Lined up is redeveloping One Passage Street with a mixed-use scheme with offices and a ground floor eatery. This would open onto the terrace above Floating Harbour to make full use of the waterside location.
The existing 33,000 sq ft building would be demolished and replaced with a 110,000 sq ft asset, large enough to accommodate approximately 1,000 people.
At its tallest, it would be 11 storeys, sitting below the 14-storey part of the neighbouring Assembly development.
The building has been designed by AWW architects, with the investment being managed by Knight Frank Investment Management on behalf of the Local Pensions Partnership Investments (LPPI).