Derwent London plans Oxford Street retail
Published: 26 October, 2011
Planning application submitted for major mixed-use scheme at 1 Oxford Street by Derwent London
Derwent London, in collaboration with Crossrail , has submitted a planning application for a mixed-use scheme at 1 Oxford Street, London W1. The proposed scheme, with a total net lettable area of 275,000 sq ft, would be built above the Tottenham Court Road Crossrail and London Underground Station following the completion of the upgrade works, expected to be in 2017. Derwent London, has an option to reacquire the site which was compulsory purchased by Crossrail in 2009.
Working with architects Allford Hall Monaghan Morris, the proposals are for two striking buildings overlooking an attractive new public square that links Charing Cross Road to Soho Square. The larger building stands on the corner of Oxford Street and Charing Cross Road and incorporates the station entrance, along with 37,000 sq ft of retail space and 177,000 sq ft of offices over eight floors above.
Complementing this, to the south is a self-contained 34,000-sq ft 350-seat theatre, with 27,000 sq ft of offices above. The theatre has been designed in collaboration with Nica Burns and her company Nimax Theatres, a leading London operator, and offers a highly versatile performance space which promises to become a significant landmark within the West End's Theatreland
Derwent London chief executive John Burns, 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."
