Property Mall - published 18th March 2016
FINAL PIECE IN £90M ST GILES CIRCUS DEVELOPMENT GIVEN THE GREEN LIGHT
Consolidated Developments, advised by planning consultant Iceni Projects, has been granted planning consent by Camden Council, for the final piece of its £90 million St Giles Circus development in the West End.
Situated next to Denmark Street, famous as London's 'Tin Pan Alley' and home to an array of specialist music shops, St Giles Circus is a culturally significant site set to benefit substantially from the £1 billion transformation of Tottenham Court Road station and the arrival of Crossrail in 2018.
Designed by architects Orms, the revised scheme includes the delivery of two new primary street buildings on St Giles High Street, Andrew Borde Street and Charing Cross Road, as well as the refurbishment of two listed buildings on Denmark Place. The development will also include enhanced public realm and connectivity through and around the site.
The larger of the two new buildings (totalling approximately 100,000 sq ft), includes a ground-breaking 'urban gallery' concept, which will be a publically accessible curated space, providing a mix of digital uses for brand launches and exhibitions, and a new 800 capacity music venue at basement level. The smaller building [approximately 50,000 sq ft] will include a mix of retail, leisure, and office use, with a rooftop bar.
The development has taken a significant step forward following last night's committee decision to grant planning permission and listed building consent for a 280 capacity music venue at the site of the former 12 Bar, to create a grassroots music venue for Denmark Street.
Richard Metcalfe at Consolidated Developments Ltd, said: "St Giles Circus is set to continue as an internationally recognised destination for music commerce, culture, creativity and inspiration, set in the heart of London. Having achieved consent, the final piece of the jigsaw is complete and we will continue to deliver a diverse scheme that showcases leading international culture in an iconic setting known for its creativity and flair. This is an exciting time for London and we look forward to the development taking shape."
Anna Snow, Director at Iceni Projects, added: "This is a truly inspirational development for an area of London that is undergoing significant regeneration. From its inception, St Giles Circus has been a collaborative project. Working alongside talented consultants, the Mayor's Music Venues Taskforce and Camden Council, we can now breathe fresh life back into 'Tin Pan Alley' and revitalise the old base of the music industry."
John McRae, Director of Orms, commented: "We are delighted to have secured consent to provide a grassroots music venue as part of the project. This, added to the large venue we are already providing, ensures a diverse range of uses can be accommodated in this important central London location."
Construction of the project is estimated for completion by the end of 2018.