Residential developer Luxlo has confirmed the sale of six of the seven apartments at its residential development 77 Mayfair.
Set in the heart of Mayfair in South Audley Street, next to Hyde Park and overlooking the world-famous Dorchester Hotel, 77 Mayfair has set the benchmark for residential property in one of the country’s most prestigious and exclusive locations.
Designed by Squire and Partners, each of the lateral apartments which average almost 4,000 sq ft will sit behind the signature design which has become synonymous with the multi-award winning practice, coupled with an original Edwardian Portland stone façade dating back to 1904. The interiors have been further complemented by Martin Kemp Design, meticulously crafted to enhance and celebrate the unparalleled high ceilings and unique lateral living space that 77 Mayfair provides, thereby creating the finest selection of residential properties in the capital.
On completion, residents at 77 Mayfair will be able to enjoy dedicated underground parking together with around 3,000 sq ft of exclusive resident amenity space, including a luxury leisure spa, swimming pool, sauna, jacuzzi, treatment room, gymnasium, hair salon and secure storage, all of which will be managed by Harrods concierge 24 hours a day.
Set to complete in summer 2016, 77 Mayfair has contributed to the employment of over 700 highly-skilled jobs since 2011. By bringing together an array of highly experienced construction, architecture, design and manufacturing knowledge, 77 Mayfair continues to showcase the very best of British talent and expertise, coupled with a £4.2million contribution to affordable housing within the City of Westminster.
Rohit Chadha, Managing Director at Luxlo commented:
“Luxlo is proud to be delivering this project in the heart of Mayfair, our favourite location in arguably the world’s favourite capital city. 77 Mayfair is a unique boutique residence that showcases what we set out to achieve – a best in class offering – by partnering and working with some of the most talented minds in design, architecture, engineering, construction and market knowledge the UK has to offer.
Richard Cutt, Partner, Knight Frank commented:
“77 Mayfair is undoubtedly one of London’s finest boutique developments. The scheme’s success is testament to Luxlo’s meticulous attention to detail, design and quality of finish. Residents will enjoy luxurious spa facilities, concierge and underground parking; unprecedented in a development comprising just seven apartments.
“Due to the proliferation of listed buildings in Mayfair, new build developments are a real rarity. With demand continuing to outstrip supply for high quality new build homes, the market remains very strong.
As we look to the future, Mayfair is beginning to regain its crown and number one spot, driven largely by the current phase of new developments and infrastructure improvements with 77 Mayfair set to complete next summer.”
Peter Wetherell, Chief Executive, Wetherell commented:
“The Mayfair market has witnessed significant changes throughout the last century and it is only since the 1990s that this world famous location has seen an influx of residential provision returning its status as the best address in London and everything this world-class city has to offer.
“To find a collection of just seven apartments which all enjoy the exclusive use of the luxury facilities that 77 Mayfair enjoys, means that the highest premiums have been achieved. Not only have we seen each of those apartments above ground level achieving an average of nearly £5,500 per sq ft but also creating a Mayfair record of nearly £7,000 per sq ft. These truly outstanding numbers are a clear reflection of Luxlo’s experience, visionary planning and formation of a world class professional team, who have collectively contributed to creating this rare and exceptional opportunity.
“Within a short walk of 77 Mayfair, residents will be able to enjoy some of London’s most prestigious international art exhibitions and auction houses including Sotheby’s and Christies, numerous iconic hotels including The Dorchester and Claridge’s, luxury retail which can be found on nearby Mount Street and Bond Street, and an array of private members Clubs such as Harry’s Bar and Annabel’s, making 77 Mayfair arguably one of the best placed residences in the capital, today.”
For more information please visit: www.77mayfair.com and www.luxlo.co.uk