Out-Law News | 19 Aug 2014 | 5:12 pm | 1 min. read
The proposals include the demolition of the six storey office building on the corner of Savile Row and Boyle Street and its replacement with a new building seven storeys high. The upper floors of the new building will house 29 apartments, with between one and four bedrooms, under the scheme. A financial contribution has been proposed in lieu of providing affordable housing, which the developer considers would not be financially viable.
Balconies or terraces are planned for seven of the 29 apartments, and all residents will have access to a ground floor residents' lounge and basement "residential amenity facilities" that may include a fitness facilities and a private cinema or screening room.
It is proposed that the ground floor of the new building provide 545 square metres of retail space in two units under the scheme. This is an increase on the commercial space in the existing building, the ground floor of which contains a single commercial art gallery across 198 sq m.
The proposals also include a green roof, solar panels, and basement parking for 29 cars and 60 bicycles.
"Derwent London's vision is to create a first class residential building with commercial space at ground floor level, replacing old, inadequate commercial floorspace with new, modern and high quality residential apartments," said the planning statement submitted with the application. "Derwent London is seeking to create a building that will be an exemplar of first class, twenty-first century residential development in Mayfair."
Westminster Council has set a target date of 20 October to determine the application.