The demolition of Crown House, the 1980s office building that formerly stood on the site of The Atlas Building, is now complete, with the building reduced to ground level, reports Rocket Investments.
The piling work will start in July and will last until October. Bulk excavation is expected to begin in November.
This week it was also announced that the £25m redevelopment of Old Street roundabout – known as the gateway to Tech City - got the green light after the public backed the plans during a public consultation.
Moments from The Atlas Building, the project will include segregated cycle lanes and a pedestrianised public space, news that will be welcomed by existing and future residents of the area.
Mayor Boris Johnson said: "We are progressing at full steam with our plans to redesign some of London's most notorious junctions, and Old Street roundabout is one of the key ones we are determined to completely overhaul as quickly as possible.
"These plans will dramatically improve safety for the thousands of cyclists and pedestrians using the junction and also make it easier to access Tech City, which continues to nurture upcoming technology and creative talent from around the world."
It is anticipated that work will start on the redevelopment of Old Street next year, with completion expected in 2018, coinciding with the completion of The Atlas Building. With an increasing number of Londoners opting to travel by bike, the facilities for cyclists were a key consideration for The Atlas Building, which will have 350 dedicated bicycle spaces.
Source: Rocket Investments www.rocket-investments.com