Westminster City Council has approved developer Reef Group’s plans to invest over £150m converting an underground car park beneath Cavendish Square, just north of Oxford Street,
into a subterranean mixed-use destination.
Westminster City Council approved the plans via a virtual planning committee, thought to be its first major application approval completed online.
Cavendish Square London lies between three of London’s most iconic addresses – Harley Street, Oxford Street and Regent Street. Accordingly, the scheme will deliver much-needed specialist facilities for London’s private healthcare sector as well as premium retail and leisure space.
The development will total 280,000 sq ft across four storeys below ground level. Glazed lanterns at street level, light wells and internal atria will drawing natural light to the floors below.
Construction is expected to start next year with completion in 2023 and Reef Group is in advanced discussions with several tenants to occupy the space according to Reef Group joint chief executive Stewart Deering. He said: “The scheme is designed with flexibility in mind and we’re talking to occupiers from a variety of sectors. The health and wellbeing industry is predicted to grow substantially and Cavendish Square London is well placed to respond to this trend.” CBRE and Savills act as agents on the Cavendish Square London scheme.