The City of London Corporation has received a request for an EIA Scoping Opinion under regulation 15 of the Town and Country Planning (Environmental Impact Assessment) Regulations 2017 for the redevelopment of a site including 1 Undershaft. The proposals involve the demolition of the existing building and the construction of a ground plus 74 storey building for office use (Class E, up to approximately 109,980m²), retail, and food and beverage facilities (Use Class E, up to approximately 2,590m²) viewing gallery and education spaces (up to approximately 2,450m²). Plus, the provision of a new servicing access and public realm and highways alterations including the provision of raised publicly accessible podium at level 10.

Alterations to Finsbury Circus Gardens including the construction of a new park office building, pavilion cafe (Use Class E) and gardeners storage yard, the re-instatement and re-location of the listed fountain, relocation of an unlisted fountain, demolition of the bandstand, hard and soft landscape works including removal of 12 trees and 4 trees to be crown lifted.