Grosvenor submits plans for new shops and office space in Mayfair
Property developer, Grosvenor has submitted a planning application to invest in creating new offices and shops in Mayfair to help boost footfall in the West End following the Covid-19 lockdown.
According to the Evening Standard, Grosvenor hopes the new scheme could create 700 new jobs once complete, and attract an estimated spend of £6 million per year.
The Duke of Westminster’s property company aims to build 204,000 square feet of offices, and 67,500 square feet of shops, restaurants and cafes in an area known as the ‘South Molton Triangle’.
This area is bounded by South Molton Street and Davies Street and is located directly opposite the new Elizabeth Line Bond Street West station.
An additional 31-bedroom hotel, 33 homes and new public spaces is also planned for the new site.
Grosvenor said the area contains “narrow side streets and neglected buildings” and that its plans involve designing the area based on the retention and adaptation of its historic buildings.
The designs were created by Hopkins Architects and Donald Insall Associates.
Director of development at Grosvenor Britain & Ireland, Thomasin Renshaw, said: “Our proposals for the South Molton Triangle are a sign of our significant confidence in, and commitment to, the future of the West End and Oxford Street district."
"These designs put pedestrians first in a sustainable scheme that preserves what’s great about Mayfair while bringing the jobs and investment London now needs to see.”
Subject to planning permission, construction would start in 2022 and finish in 2026.