REDD, the real estate development company active in London and Monaco, has received planning consent for a mixed development at 82 Mount Street, on the corner with Balfour Place, in the heart of Mayfair and a stone’s throw away from Grosvenor Square and Monaco’s Embassy.
The company, started by by Paolo Marzocco five years ago, says that the 10,000 square-foot project features coronavirus safeguarding and home-working features, offering a ground floor retail boutique, lower ground floor offices and five upper floors with apartments and a penthouse. The development has a 40 million pounds price tag. Work is due to start in the autumn and completion of the building work due late in 2021.
82 Mount Street will feature a spacious new resident’s lobby for the apartments and the concierge will be set well back to allow for social distancing rules and the latest technology will be applied to the design of the entire development to minimise physical touch points as much as possible. The lifts will be touch-free.
Russell Smithers, Managing Director of the REDD operation in London said: “82 Mount Street is REDD’s first multi-unit boutique residential scheme in London and the first ‘Covid compliant’ development to get planning consent in Mayfair since the UK lockdown ended, so we anticipate a lot of interest in the project.
“REDD are delighted to have achieved consent for this landmark Mayfair development, which is the result of us working closely with Grosvenor and Westminster City Council to develop a design that will reinvigorate this important building, whilst still respecting the heritage context’. The proposals will see the retail offering of Mount Street extended further west towards Park Lane, and the creation of Mayfair’s best dressed pied-à-terres which are designed to offer the highest standards of luxury, alongside health and safety, in our new COVID-19 world.”
PHOTO: 82 Mount Street, London