£450M Marble Arch Tower redevelopment approved

£450M Marble Arch Tower redevelopment approved

Almacantar has been granted planning permission by Westminster Council for a comprehensive redevelopment of Marble Arch Tower in central London.

 

The scheme is reported to be worth between £400M and £450M but an Almacantar spokesperson would not confirm that.

 

The project will see the existing 47 year old tower demolished and replaced with two new buildings comprising apartments, offices, shops and a new cinema. New public realm space will also be created as part of the project.

 

The two new buildings will be 17 storeys and 7 storeys. The taller, Western building will include residential apartments with shops and cinema at ground level, while the Eastern building will be dedicated to commercial office space with shops on the lower ground, ground and first floors.

 

In total the plans for redevelopment include 123,000 sq ft of modern flexible office space, 36,000 sq ft of new shop units and 53 private apartments.

 

Almacantar development director Kathrin Hersel said: “This development will create two timeless, beautiful buildings which will become a new landmark for the West End.  Our plans will deliver world class residential, retail and office space in a prestigious setting overlooking the finest of the Royal Parks.”

 

Almacantar has also received planning permission for a new mixed housing and shopping scheme at 466-490 Edgware Road, including a substantial affordable housing component.

 

The development will include 76 townhouses and apartments of which 47 will be affordable housing. The scheme will also see the reinstatement of the disused petrol filling station – marking the first new petrol station in London for over 10 years.

Please rate

Comments 

Ctrl + Enter

Most Read

IR35 coming to the private sector in 2020

IR35 coming to the private sector in 2020

Due to changes introduced in the Autumn Budget, from autumn 2020, off-payroll working rules which have only been applicable to the public sector will be also implemented in the private sector as well. What this means, is that the end client (hiring manager) of a worker will now be in the position

Engineering in the UK: Outlook for 2019

Engineering in the UK: Outlook for 2019

Between 2015 till date, engineering has grown exponentially in the United Kingdom (UK) and Europe as a whole. This growth in the range of a 6% rise in number of UK engineering enterprises within the past couple of years has gone on to prove just how relevant to the economy engineers and the science

Updates on the HS2 project

Updates on the HS2 project

In our modern world where a good transportation network and an effective communication system are two important factors necessary for the growth of any community, the need for more accessible cities which cater for these needs optimally while also taking into consideration, the economic side of

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.