Derwent London and Native Land will commence work at 19-35 Baker Street in autumn 2021.
The mixed-use development includes a residential element at 100 George Street comprising 35 large, lateral apartments and 6 lateral and duplex penthouses.
This scheme forms part of a major 2-acre mixed-use development being undertaken by Derwent London and Native Land on The Portman Estate.
The full project comprises a 206,000 sq ft office headquarters at 19-35 Baker Street, the 45,000 sq ft 100 George Street apartment building and a 28,000 sq ft avenue of boutique retail and food & beverage outlets connecting Baker Street to Gloucester Place.
There will also be 10 affordable housing units and another 12,000 sq ft of offices on Gloucester Place.
The development is due to start in autumn 2021, with completion expected for spring/summer 2025.
Alasdair Nicholls, Chief Executive of Native Land, commented: “100 George Street continues our successful track record of working with major property groups across prime central London. We are delighted to be doing so with Derwent London, a company with a keen focus on design and quality of building and places that we share. We bring to the project our sector-specific expertise, international brand and in-depth understanding of super-prime London – all of which are key to delivering Marylebone’s premier new apartment building.”
Paul Williams, Chief Executive of Derwent London, added: “We are delighted to be working with Native Land to deliver the residential element of our exciting major Baker Street project which starts later this year and completes in 2025. Combined with our strong relationship with The Portman Estate we expect to deliver another outstanding net zero carbon development with a mix of high quality offices, residential and retail creating a new hub for the area.”
Oliver Fenn-Smith, Chief Executive of The Portman Estate, commented:
“We are proud to be working in partnership with Derwent London and Native Land on such a ground-breaking development. Sustainability lies at the heart of what we do and this net zero carbon, mixed-use scheme paves the way for a new era of the workplace and how we create thriving neighbours and retail districts. We are delighted that the development will deliver high-quality residential, office and retail space that will enliven the surrounding area and boost our vision for the future of the Estate.”