Landmark Mayfair plans submitted
British Land has announced the submission of new landmark plans for Mayfair to Westminster Council, with the organisation hoping for approval for a major new 193,000 sq ft mixed-use development in the historic London suburb.
The project is expected to get underway this year if given the go ahead by the local authorities, with phased completion of the ambitious development scheduled for early 2017.
It will see the construction of up to 36 new prime residential properties overlooking Green Park, with the addition of new homes in the area having been in increasingly short supply over recent years.
The project is the brainchild of architect Squire & Partners, with the scheme also including the relocation of the Kennel Club on Clarges Street to a new 27,000 sq ft development, rather than undergoing a refurbishment of their current 20,000 sq ft property.
Tim Roberts, head of offices for British Land, said: "This is a complex project involving detailed site assembly and reconfiguration, but our core development skills have delivered an exciting outcome for this important area of London.
"We are big backers of London, and this is a rare opportunity to develop a freehold Mayfair site for a structurally under-supplied market as well as reinforcing British Land’s growing strength in London’s West End."
The news follows the recent approval for the construction of the new 1.2 million sq ft headquarters of US investment bank Goldman Sachs at Holborn Viaduct in the City.
Set to get underway in early 2014, the new building will provide office space for up to 500 employers at the firm and will be built at the former telephone exchange on Farringdon Street and Shoe Lane.
It promises to be a major addition to the London skyline, with the project designed by architect firm Kohn Pedersen Fox Associates.
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