Cheapside development
Cheapside
London
EC2V 6AX
Visitor Information
Shoppers visiting the Cheapside area will find a selection of high-street names, but for the time being will be forgiven for thinking that the area looks a little like a building site. This is because in 2007 work began on increasing the retail space in the area to approximately 1.5 million sq ft, with completion scheduled for 2012. This exciting new development will see 167 new shops, including the impressive One New Change – opposite St Paul’s Cathedral – which is due for completion in late October. As one of the largest combined retail spaces in central London, One New Change will house 220,000 sq ft of shops on three floors, topped off with a roof terrace providing impressive views of the cathedral.
So why the new focus on Cheapside? Well, the opening of the Millennium Bridge in 2000 radically altered how and when people enter the City, hugely increasing weekend visitors. Over 5,000 people cross the bridge each hour, travelling from the South Bank with its many draws (including the Tate Modern and Shakespeare’s Globe) to St Paul’s Cathedral (which attracts over one and a half million visitors each year). With these London landmarks close by, the Cheapside area is the perfect location for a retail development.