Proposals have gone in to turn one of the last brownfield “blank canvases” in Mayfair into a major new resi-led scheme.
The Carrington Street Car Park, a concrete mish-mash behind Piccadilly that’s been the subject of much speculation over the years, was snapped up by the Reuben brothers in December 2015. Dating back to 1907 and leased to NCP, the prize plot – believed to be the oldest car park in London – was offloaded by US investment firm Blackstone and described at the time as a “once in a generation opportunity”.
Now some fresh plans have been drawn up by Allford Hall Monaghan Morris Architects and submitted to Westminster, detailing the transformation of three addresses – Carrington Street Car Park, 51-53 Brick Street and 1-6 Yarmouth Place – to provide 29 apartments, office space, an art gallery, gym, restaurant and retail. All-in, the whole site measures just over three quarters of an acre, and the thinking is to demolish the existing buildings and start over. The designs show two new buildings either side of a new pedestrian link between Yarmouth Place and Carrington Street, of four and eight storeys.
The resi element leads, with 60,000 square feet, followed by the offices and galleries (4440 and 25790 square feet respectively), and the planned apartments range from a one bed at 785 square feet to a fifth/sixth floor three-bed duplex at 2658 square feet. 27 of the 29 have outside space (with some big terraces up top), and most are dual aspect. The plans also include a good-sized landscaped courtyard and 60 underground car parking spaces serviced by two car lifts.
The sales bunf from last year billed the Carrington Road site as “an unrivalled opportunity to create a landmark and destination development in this super prime location”.
Speaking last year when the proposition went up for sale via DTZ and Savills, Peter Wetherell of Mount Street-based agents Wetherell said: “The Carrington Street car park site in Shepherd Market is the last piece in the jigsaw of the revitalisation of the oldest part of Mayfair which dates back to the 17th century. The car park has been a blight on the Shepherds Market landscape for far too long and this is the most exciting event for the local area since the opening of the chi-chi private members club at 5 Hertford Street.
“In the last 10 years Shepherd Market has undergone an incredible transformation. At its lowest point a decade ago it was Mayfairs ‘red light’ district, a seedy sister to Soho, and a hangout for Park Lane prostitutes, run down cafes and plant hire shops. The flats that did exist were all tired and outdated and Shepherd Market is where the super-rich of North Mayfair housed their staff who couldn’t stay in the staff wing of their mansions.
“Now the location has been completely transformed. The ‘red light’ area is long done and the tired cafes and plant hire shops have been replaced by a host of luxury brands including Tanner Krolle (once the favourite handbag marker to the late Princess Diana), Bill Amberg, Simon Carter and Polistas (who do the polo tops for the young Royals and Polo set). What we have seen on Mount Street further North in Mayfair is now being replicated in Shepherd Market. There’s a host of luxury residential going on with three major luxury multi-unit resi schemes being developed, and residential values, retail rents and lettings values are all rising in the local area. The area has become a real hot-spot for new luxury development.”
British Land’s super-prime Clarges Mayfair scheme has shown what’s possible around Piccadilly these days. The 34-unit project overlooking Green Park, which topped out last month, has smashed price Mayfair records, with some apartments achieving over 5,000 per square foot.
First two images courtesy of Allford Hall Monaghan Morris Architects