Crown Estate submits plans for £450m St James' Market
The Crown Estate has submitted four planning applications for a huge 28,000m² mixed-use development off Piccadilly, central London .
The St James’s Market scheme by Ken Shuttleworth’s Make Architects covers two blocks between Regent Street and Haymarket, creating 19,000m² of office space and 4,180m² of shopping, restaurant and leisure accommodation
TateHindle, Paul Davis & Partners and Burwell Deakins are also involved in the proposals with CBRE providing planning advice.
Preserved historic facades and a traffic-free public space complete with public art, aim to ‘bring the area back into line with the quality of historic St James’s.
Designed by Make Architects the flagship project will see the replacement of 52-56 Haymarket, while the 14-20 Regent Street block will be redeveloped behind both retained and new façades.
According to the AJ’s sister publication Construction News, Crown Estate claims it owns roughly 50 per cent of the buildings in the area, guided by the St James’s Strategies investment scheme.
The residential space included in the plans will involve three associated private residential and affordable housing schemes, ranging from one-bedroom apartments to four-bedroom family homes.
Head of the portfolio James Cooksey said: ‘Our investment in St James’s builds on the area’s status by providing a first-rate destination amenity space for those living, working and visiting the area.
‘Together with our Gateway scheme and investment in Trafalgar House and British Columbia House, it demonstrates the major progress we’re making in delivering on our St James’s strategy.’
Head of development Alastair Smart called the plan ‘perhaps the most significant development we have ever undertaken, which builds on the two schemes currently on site as part of our investment in St James’s and Regent Street to provide modern space for global businesses’.
The Crown Estate said it had consulted the local community, receiving “strong levels of positive feedback”.