Cavendish Square to be transformed into the “Oasis” of Oxford Street
There are plans to turn London’s Cavendish Square into the “Oasis” of Oxford Street with an investment in excess of £100m.
Located beneath Cavendish Square Gardens, the site is currently an underground car park, but will be redeveloped to create a dynamic mix of retail, medical, wellness and leisure accommodation.
Plans for the scheme have been submitted to Westminster City Council by Reef Group and, subject to planning approval, construction is expected to start on site in late 2020, with completion in 2022.
The plans will see the creation of 280,000 sq ft of space across four storeys below ground level. At street level, two glazed lanterns will frame a new entrance facing Oxford Street and provide natural light for the floors below. Statement entrances to Harley Street and Regent Street will complete the development, which will be one of the West End’s largest.
Stewart Deering, joint chief executive of Reef Group, said: “Reef have worked closely with Westminster City Council in designing a unique and iconic destination for London. We will invest in excess of £100m in developing a vibrant, sustainable and sensitively designed subterranean mixed-use place that will combine retail, leisure, medical, health and wellbeing.”
Cutting edge sustainable design will regenerate the 1960’s structure below the Georgian square, which was first landscaped in 1729. The aim is also to reduce traffic pollution and enhance green space.