The second phase of the Station Hill Redevelopment Project in Reading, which includes the construction of One Station Hill, a 15-storey state-of-the-art office building at the northern side of the site facing the Reading station, has commenced.
This comes approximately two years after the first phase of the project, located on the southern side of the site, broke ground. This phase features the construction of 538 new homes for the private and affordable rental market along with approximately 25,000ft² (2,322m²) of commercial and leisure space.
The first phase of the Station Hill Redevelopment Project is planned to be completed by the end of 2023.
Features of the second phase of the Station Hill Redevelopment Project
The second phase includes the construction of ground plus 15 floors state-of-the-art office building dubbed “One Station Hill” at the northern side of the site, facing the Reading station. As the first commercial office tower on the site spanning 275,000ft² (25,548m²), the new One Station Hill office building will provide a thriving office community and help regenerate Garrard Street with dual entrances and leisure spaces.
Housing retail and curated public realm, the ground and lower ground floors of the building will be connected to the first two floors, which will be dedicated to co-working offices or collaboration areas, by an atrium. The third to seventh levels will feature larger office spaces while levels eight to 14 will have smaller floor space.
An office with a terrace will be provided on level 15, while the rooftop will be used as a screened plant area featuring a bar and a lounge. This phase will also include approximately 204 cycle parking spaces, 31 showers, eight-passenger lifts, and a goods lift.
The office building is expected to be opened for tenants by early 2024.
Station Hill project office scheme for completion in 2024
Sir Robert McAlpine is set to construct Lincoln MGT’s second phase of the £750m Station Hill project in Reading. The construction and civil engineering company will be constructing the most prominent phase of the regeneration scheme, which comprises a 275,000 sq ft speculative office building named One Station Hill. Additionally, a new public square and a link bridge offer level access from the train station to the center of the town. This latest phase is set to complete in early 2024.
Lincoln MGT, a US developer Lincoln Property Company, and MGT Investment Management joint venture is the project’s developer. Preparatory works have already started, with Reading town center being visible from the train station for the first time in generations after Garrard Street car park was demolished. Designed by Gensler One Station Hill, the scheme will adjoin a project of 600 build-to-rent (BTR) flats that are already being constructed as the first phase of Station Hill.
The biggest-ever speculative projects.
The Lincoln Property Company UK, director of development, Alex Aitchison stated: “As we continue swiftly at Station Hill, already one of the biggest-ever speculative projects in the history of the Thames Valley, the announcement ensures that Reading will now have a new, world-class welcome suiting its status. Sir Robert McAlpine has more than 150 years of experience creating iconic construction schemes and we are excited to partner with them to deliver the unique, cohesive vision for the Reading residents.”
Upon completion, Station Hill will include 625,000 sq ft of office area, 1,300 apartments, and 100,000 sq ft of retail and leisure area. The development may potentially include a 200-bed hotel and later living accommodation. Last year, the Integrated Health Projects (IHP), a joint venture between Sir Robert McAlpine and Vinci Construction UK, developed a new eating disorder unit and mental health wards at St Ann’s Hospital in Tottenham