Planners have OK-ed a rejigged plan to redevelop the important Clearings site in Chelsea.
The former John Lewis warehouses between Sloane and Draycott Avenues were bought by a Mike Ashley-backed JV between Citygrove Securities plc and McLaren Property for a reported £200m last year.
RBKC had already green-lighted a Dixon Jones-designed 69-unit luxury scheme on the site, but the new owners have decided to change things around a bit and put in a request to “create a different residential element…that better suits market requirements”.
As such, the new Kohn Petersen Fox designs have done away with seven townhouses and a stonking six-bed apartment, upping the number of smaller units. This was all deemed fine by RBKC, and the three new buildings will now house 78 resi units with amenities including private leisure facilities, concierge, residents’ business suite, and secure basement car parking for the private apartments.
The GDV of the “iconic” 192.500 square foot scheme has been estimated at around £900m, with completion due in 2020.
Further Reading: Developers are ‘downsizing’ big luxury apartments as demand dries up
Illustration from public exhibition (Kohn Petersen Fox/McGrove Properties Ltd)