The 1990s saw a big change in Shoreditch
In the 1990s, these warehouses and lofts were converted, and they were snapped up by the art crowd who were looking for
affordable studio and living space. It is this that drove the change in Shoreditch the most and it looks as though the
demand and desire for warehouse conversions is still ongoing.
A lot of recent development work has looked to build on the traditional style of the area, taking cues from the industrial
era. This means that exposed brickwork is a staple in many recent Shoreditch developments whole open plan areas and large
windows are common features too.
It isn't just about converted loft space though; there has been a rise in one and two bedroom developments in the area as
well. There is also the fact that while the changes in Shoreditch have set trends and created a blueprint, the sprawl of
Canary Wharf is also impacting on Shoreditch.
This leads to a culture clash, creating an area where the artistic meets the financial markets. There will be people and
families with money who have significant funds to invest in property but who want something cooler or with an edge and the
property developments in Bishopsgate Goodsyard is a fantastic example of where these people are looking to buy property.
With two towers climbing beyond 40 storeys, there have been complaints that the charm of Shoreditch will be lost with these
projects, and even the Mayor of Hackney raised concerns about losing what has made Shoreditch special. However, the demand
for property in the area is such that these properties will sell well. It is only in the long run that we can tell if there
is any notable impact on the area but you would think that people looking to buy in Shoreditch also want to buy into
Shoreditch, its ethos and what it offers. This is why there is confidence amongst property specialists that what has made
Shoreditch special will still remain even if new developments change the look of the area.
Shoreditch is a unique place in London but like so many places, it isn't far from other areas, so even if the local area
cannot provide you with everything you need, you are not far from other places that offer a change of pace and scenery.
For many people, Shoreditch provides the ideal base for their life and even though the nature of the area is evolving,
many individuals and businesses are working hard to ensure that the spirit Shoreditch is known for remains in place.