Friday, 23rd July (with the 13th briefly), 2021
On my second visit to Cornhill, I decided that with only one goal (St Peters) I’d start off with a visit to the Royal Exchange. I’m pretty sure it was closed for a while since it’s a collection of high end shops and a Fortnum and Mason’s restaurant. The view of and from the main entrance has always been one of my favourites in The City.
I took the bus from Liverpool Street Station intending to get off just after the intersection, but the stop was quite a distance west. I stopped right outside the Bloomberg Arcade and it would have been tempting to spend some time there too, but if I don’t focus these days, my main destination slips my grasp. Best to hurry on, eyes averted from all the photo opps, and head directly for – in this case – the Royal Exchange.
I almost did it but I chose to travel on the back streets – Bucklersbury, St Stephens Row and Mansion House Place – and got a tiny bit distracted along the way…
The Royal Exchange is a fantastic building. It looks so impressive and when I first stepped inside many years ago, I was surprised to see that it was really a shopping mall, but a high end one with Tiffany’s, Hermes, Aspinall, Jo Malone, and Fortnum & Mason occupying some of its space. This year it is celebrating its 450th anniversary.
There’s a lot of history in this building so here are some of the highlights.
The original Royal Exchange, a trading floor, was opened by Queen Elizabeth I in 1571. Thomas Gresham, an English merchant and financier, added two additional floors of shops to the original trading floor creating Britain’s first shopping mall in 1660. Only six years later the Great Fire destroyed the building and in 1669 a second site was opened this time with merchants and brokers. In 1838 it was again destroyed by a fire on Lombard Street. In 1844 Sir William Tite won an architectural competition to design the third (and current) Royal Exchange. He reverted to the original layout and included an imposing, eight-column entrance inspired by the Pantheon in Rome. The building was officially opened by Queen Victoria in 1844.
To more modern times – in the 1980s, The Royal Exchange briefly became a trading floor again, and the roof was replaced. In 2001 the Grade I-listed building was extensively remodelled by architects Aukett Fitzroy Robinson, and was transformed into a luxury shopping and dining destination. Though an entirely different building from his original design, the modern-day The Royal Exchange pays homage to its founder in its gilded copper grasshopper weathervane – a symbol taken from the Gresham family crest.
If you stand at the entrance, there’s a great view towards central London. Right now it isn’t as wonderful as it was. So much is lost by Fortnum and Mason’s bow to the pandemic outdoor terrace and its patio umbrellas.
If the exterior is impressive, the interior is just as eyecatching, if not more. The F&M colour scheme rules these days and some of the shops haven’t reopened since closing for the first lockdown, but the overall effect is beautiful.
Continue reading “The Royal Exchange and a quick stroll through Leadenhall Market”