Mace has been appointed to deliver the £33m scheme at One Bedford Avenue in London WC1.
One Bedford Avenue is scheduled for completion in early 2017 and has been designed by Stirling-nominated architects Bennetts Associates, with the project replacing two outdated office blocks with 115,000 sq ft of high-end retail and office accommodation. There will be an art installation on the south-west corner of the building, acting as a marker to signify the entrance to Tottenham Court Road.
The new mixed-use development close to Tottenham Court Road will kick-start the redevelopment of the surrounding area in anticipation of Crossail’s completion in 2018.
Sustainability is central to Exemplar and AshbyCapital’s vision and at the heart of the scheme’s design, which is targeting a BREEAM Excellent rating for the commercial space and Very Good in the retail units. Sustainable measures incorporated into the design include green roofs, photovoltaics and CHP.
Mace is already working with Exemplar on Regent Street at 1 New Burlington Place and 10 New Burlington Street, and this new appointment complements Exemplar’s projects in the area.
Exemplar’s Founding Director, Clive Bush, said, “Exemplar, together with our partners AshbyCapital, are excited to be working with Mace to deliver this landmark building in probably the most dynamic location in London. The development strengthens our investment in the area and helps underpin the unprecedented growth of Tottenham Court Road and the eastern end of Oxford Street.
Mace’s Chief Operating Officer for Construction, Gareth Lewis, said, “This is a fantastic project for Mace and we’re delighted to be working with Exemplar on another high quality, high profile development in London’s West End. With Crossrail due for completion shortly after One Bedford Avenue, the scheme will be a major new addition to the Tottenham Court Road area.”
Source: Mace