Crossrail and Derwent have today submitted planning applications for major developments which will transform the West End of London.
As reported by CN last week – the plans will create 500,000 sq ft of prime retail, office and residential space and represent the start of an oversite development boom associated with the train line.
The Mayor of London Boris Johnson said: “The east end of Oxford Street has long deserved the economic boost, improved public space and glamour these plans will deliver. It will be a gleaming example of the opportunities that will follow the route of this new line, as well as offering the facility to zoom from one side of London to the other at record speed.”
Ian Lindsay, Crossrail Land and Property Director said:“These development plans will enhance Oxford Street and Charing Cross Road as a thriving cultural and retail destination. “The quality of the new commercial space created will help attract major retailers to the eastern end of Oxford Street and boost the wider regeneration of the area.
“Crossrail will be submitting further above ground development planning applications for other station sites in central London over the coming months including at Bond Street and Farringdon. This will help us to make the most of the development and regeneration opportunities Crossrail is bringing to London.”
Derwent chief executive John Burns said: “This planning application is an important step in the much needed revitalisation of the eastern end of Oxford Street and is essential for the long-term growth of Fitzrovia and Soho. These are important villages for both London and the Group, where we have holdings of over 1.5 million sq ft, including several of our major future projects such as Central Cross and the Saatchi site at 80 Charlotte Street.”