American architect Robert Stern has won his first UK commission to redesign a Mayfair Mansion block into a £400m Luxury Housing Development.
Brockton Capital, a London based real estate-focused private equity group, has spent four years buying up all 40 flats in a 1930s red-brick mansion block at 56 Curzon Street for the conversion.
The plans will include luxury apartments, a private garden, restaurant and a spa, while the underground levels of the building would be turned into parking, a gym and a swimming pool.
If it goes ahead, Brockton hopes to emulate the success of the Candy Brothers’ One Hyde Park scheme which, as the financial times reports,has broken UK sales records, trading for as much as £6,835 per square foot.
Stern’s last attempt to break into the UK fell flat after he withdrew from the running for London’s Chelsea Barracks redevelopment (2009).
Robert Stern lands his first UK commission