Developer Derwent has submitted plans for this mixed-use theatre and office scheme above the proposed Tottenham Court Road Crossrail designed by Allford Hall Monaghan Morris
The two-block development at the corner of Oxford Street and Charing Cross Road partly replaces the former Astoria Theatre which was demolished two-years ago to allow for a major upgrade of the underground station upgrade as part of the new cross-London rail link project.
The larger nine-storey building, which also incorporates the new station entrance, stands on the corner of Oxford Street and Charing Cross Road and will house 3,400m2 of retail space and 16,400m2 of offices over eight floors.
South of this is a proposed 350-seat theatre, designed in collaboration with Nica Burns and her company Nimax Theatres, sat below 2,500m2 of offices.
John Burns, chief executive at Derwent London, 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.’
Work is not expected to start on site on the AHMM scheme until 2017 when the overhaul of Tottenham Court Road Crossrail and London Underground Station is set to complete.
Derwent London has an option to ‘reacquire the site’ opposite Richard Seifert’s 1966 Centre Point tower which was compulsory purchased by Crossrail in 2009.