Conran and Partners and Rick Mather Architects have bagged planning permission to overhaul London’s iconic Centre Point tower
The £350 million residential-led conversion of the 1960s office tower was approved by local authority Camden Council last night (4 July) nearly ten months after initial plans were turned down.
The high-profile project for developers Almacantar and Frogmore creates 82 luxury apartments, 13 affordable units, new retail and a public square within the Grade II-listed Richard Seifert-designed complex.
The previous scheme was turned down due to its impact on ‘local traffic flow’ and absence of on-site affordable housing.
Under the revised plans, Conran and Partners has designed the apartments which will occupy the 34-storey tower while Rick Mather Architects has focussed on the retail-led conversion of podium buildings and new affordable housing on the site of a former pub.
Almacantar chief executive Mike Hussey said: ‘With Crossrail’s arrival, there is growing impetus behind the drive to revitalise this part of London and Centre Point has to be at the forefront of that.
‘We intend to transform the way Londoners view and interact with Centre Point, while always staying true to its heritage. Our ambition is to ensure the scheme is re-established as a landmark destination that Londoners can be proud of.’
Frogmore chair and chief executive Paul White added: ‘This is a victory for intelligent and sustainable thinking. The area has been blighted for too many years and London, looking forward to Crossrail and other huge investment, needs its arrival experience to be of the highest quality.’
Nearby Tottenham Court Road station, which is being designed by Hawkins\Brown, will open to Crossrail services in 2018 following a £1 billion revamp that includes a new entrance at the base of Centre Point.
Earlier this week, the owners of Centre Point’s top floor Paramount bar mounted a legal action to stop the bar closing for the redevelopment.
Rising star developer Almacantar bought Centre Point for £120 million in 2010 after its previous owner Targetfollow Property Investment & Development went into administration. Rolfe Judd Architects completed an internal refurbishment of the building five years ago.
Centre Point was built by 1960s property tycoon Harry Hyams and famously remained almost empty for a decade.
The Centre Point regeneration is a 75-25 joint venture partnership between Almacantar and Frogmore. Redevelopment of the 50-year old tower is due to begin in early 2014 and complete by 2016.