The site opposite Kensington Gardens has been partly vacant for 25 years and will be transformed into a mixed-use development. This will include a 56 room hotel, a number of retail units and nine apartments with views across Hyde Park.
Consultancy Orchadia is behind the plans, designed by architects Squire and Partners, with Turley Associates acting to obtain planning permission.
The new development will replace a Victorian terrace and will also include refurbishment works to the adjacent Edwardian townhouse.
The planned residential apartments will be divided between the refurbished building and the new building, running across the whole of the top floor.