Covent Garden redevelopment to offer new retail space
Planning permission has been granted for a 90,000 sq ft redevelopment within Londons Covent Garden Estate.
The proposal submitted by Capital & Counties Properties will result in the creation of a new pedestrian passageway connecting Long Acre and King Street, a new public courtyard and new retail, restaurant and residential space.
The public courtyard will be surrounded by eight new retail units and two restaurants with al fresco dining. The retail frontages on Floral Street will include a new anchor store.
In addition, a separate planning application in relation to the Carriage Hall building has also received a resolution to grant consent. The Grade II listed Carriage Hall building on the western end of Floral Street will be converted into a new 13,000 square feet multi-brand retail space with a covered courtyard.
Ian Hawksworth, chief executive of Capco, said: “These plans will have a significant impact on how visitors experience Covent Garden and highlight Capco’s commitment to creating value and improving public access within our estate. The new passageway will connect King Street directly to Long Acre for the first time and bring a critical mass of new retail, dining and residential to Floral Street.”
Work on the project is likely to commence in June 2014 and will take up to three years to complete.
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