St James’s Market Partnership details phase two of its redevelopment scheme

The St James’s Market Partnership has released details of its proposals for the second phase of the St James’s Market regeneration scheme. The Partnership, which is a joint venture between The Crown Estate and Oxford Properties Group, has revealed that phase two of the redevelopment will focus on turning the buildings next to the St James’s Market scheme — including St Albans House and Samuel House and buildings on Charles II Street — into new office, retail, dining and public space.

The Crown Estate is also due to release plans for new homes at 33 Vauxhall Bridge Road, Pimlico, a large proportion of which will be affordable housing.

Meanwhile, the Grade-II listed former Carlton Cinema on Haymarket is set to undergo some refurbishment, including removal of the modern advertising hoarding and cleaning of the front elevation. The Crown Estate and Oxford Properties will make separate proposals regarding the cinema’s interior.

Director of The Crown Estate’s central London portfolio, James Cooksey, explained: “These are hugely exciting plans for The Crown Estate and our partners Oxford Properties and reflect the scale of our ambition for the West End. We believe this second phase of development would play a central role in the continuing regeneration of the area, a process which was kick-started with the original St James’s Market development. We are keen to engage with the public and interested stakeholders on our proposals, and to get their views on how we can deliver places which meet the needs of local people today and spaces which will adapt for the future.”

Meanwhile, managing director and head of UK Real Estate at Oxford Properties, Chris Carter-Keall, echoed: “Oxford remains committed to connecting people to exceptional places. Our partnership with The Crown Estate has delivered a transformative development with the completion and letting of phase 1 of St James’s Market.”

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.