A new £500m urban regeneration project in the heart of Belfast will be named 'Tribeca', it has been revealed.

The Castlebrooke Investments project will deliver 1,500,000 sq ft of residential, Grade A office, retail, food and beverage space in Belfast city centre.

Tribeca Belfast, which aims to reflect the development’s location as the ‘Triangle beside the Cathedral’, is the largest single regeneration project in Belfast city centre.

The 12 acre site is located beside St Anne’s Cathedral bounded by Royal Avenue, Donegall Street, Lower Garfield Street and Rosemary Street.

Neil Young, chief executive of Castlebrooke Investments, said the name was a reflection on the area the site was located.

“The name Tribeca Belfast reflects the geography of the site and links our brand of ‘International Heart, Belfast Soul’. The development is rooted in the aspirations of the city to become more international and build on the optimistic spirit which is already alive in the city. The scheme is the embodiment of the positivity surrounding Belfast and it will become a benchmark for UK regional cities," he said.

“Our aim is to transform the city centre through comprehensive regeneration putting Belfast at the forefront of British and European cities. On completion, the scheme will create a new urban realm that blends the area’s history with state of the art design. It will provide 1,500,000 sq ft of best in class mixed-use space.

“We were attracted to the city because this site has an existing, comprehensive and detailed planning permission which we are striving to modernise. We want people to know that the development is moving forward. We have already invested £50m of cash in site assembly, planning and professional fees and we plan further major investment.”

Belfast Telegraph