The Crown Estate and Oxford Properties have gained approval for a major new development at St James’s Market which will redesign a 0.45 hectare site in the heart of central London.
The new scheme will build on the success of the first phase of St James’s Market and will deliver c.200,000 sq ft of mixed-use commercial space, bringing the total redeveloped space delivered across both phases to 430,000 sq ft.
The approved scheme will also deliver wide-ranging enhancements to the neighbourhood’s public realm, creating new green and public spaces, enhancing air quality and biodiversity and improving the accessibility of the area.
Henry Shearer, Head of UK, Head of Office & Retail - Europe at Oxford Properties Group, added: “Westminster City Council’s approval to grant planning consent for this this significant regeneration project in St James’s is an important step forward towards unlocking the potential of this currently underutilised but world famous area of London’s West End. The development will deliver high quality modern space which provides the opportunity for occupiers from a wide range of sectors to grow in St James’s. In addition to the employment spaces within the finished development, hundreds of construction jobs will be created when building gets underway, further benefitting local businesses in the area. We now look forward to working with Westminster City Council and our partners at The Crown Estate to bring this fantastic development forward.”
The plans by Make Architects will transform a series of outdated 1960s buildings into a single high-quality building with modern architecture designed to be sensitive to its historic surroundings.
The approval also enables the delivery of new affordable homes at 33 Vauxhall Bridge Road, approved in a linked planning application. As part of this, The Crown Estate will be creating 30 new affordable homes by sensitively converting a former office building in the heart of Pimlico to residential use, in support of Westminster City Council’s ambitions for more affordable housing.