Yesterday saw big-name developer Gerald Ronson donning a hard hat to top out his firm’s new high-end resi scheme in Marylebone, which looks to be selling particularly well given the current market conditions.
Designed by PLP Architecture, Ronson Capital Partners’ Chiltern Place is delivering 55 one, two, three and four-bedroom apartments and penthouses over 15 storeys, along with a four-storey townhouse, at 66 Chiltern Street.
Mace is in charge of construction, which has been going at a fair lick – much like the sales by the sounds of it. At yesterday’s ceremony to mark the structural completion, Ronson confirmed that 60% of the units had already been spoken for, with the majority going to domestic owner-occupiers.
The interiors have been designed by Tomasz Starzewski and will involve timber and stone floors with underfloor heating, bespoke Italian kitchens and marble bathrooms. Ceiling heights of 2.75m should ensure plenty of volume and amenities will include a residents’ lounge, fitness suite, meeting rooms, and an on-site, hotel-style concierge service with 24/7 security.
Ronson, who was joined by Westminster’s Robert Davis MBE and Stephen Pycroft from Mace, said the proposition was generating plenty of domestic demand, despite the “uncertain times”…
Gerald Ronson, Executive Chairman of Ronson Capital Partners: “Located on a corner site next to Paddington Street Gardens, Chiltern Place offers exceptional homes in one of the capital’s most sought-after locations. The fact that we have already sold over 60% to date illustrates just how special they are. The unprecedented level of demand from domestic owner-occupiers, who form the majority of our purchasers, highlights the appeal of this development’s location and specification: this is a place where people want to live.”
Knight Frank and Savills have been instructed as joint selling agents and full completion is due in 2017. Here’s a tasty three-bed currently being offered at £7.8m, which works out at a rate of just under £3,500 psf.
Images: Ronson Capital Partners