The property company which was founded in 1677 have announced plans to redevelop a two acre site in the heart of Mayfair.
The property company which is owned by the Duke of Westminster – who is also the richest person under thirty – has announced plans for the triangular site which is bound by Davies Street, South Molton Lane, and Brook Street. This is part of their 20-year plan for Mayfair and Belgravia which was published by the company in 2017. The project will involve increasing the density and height of properties within this section which is near where the new Bond Street Station which forms part of the Elizabeth Line will be.
Grosvenor have employed the famous architect Sir Michael Hopkins to oversee the project which has the code name “Project Osprey”. The majority of the buildings in the area are Victorian in origin and are between three and five stories in height. This means that there is significant room for development in order to increase the height and density of the properties. South Molton Lane is pedestrianised and is primarily a retail space. The site is bisected by Davies Mews which analysts have speculated could form the core of a new luxury retail space.
Opposite this site, Grosvenor are also developing 65,000 square feet of office space at 65 Davies Street. This also includes the home of The Rifles Club – a private members club which was founded by the 1st Duke of Westminster in 1890. The plans to build a luxury hotel on the former site of the club have led to complaints from members who argue that The Rifles Club has enjoyed a long history in the area.
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