Westminster Council is reviewing ambitious plans for the Fenwick building on New Bond Street, outlining a transformative shift towards an office-centric space. The proposal, led by renowned architect Foster & Partners, aims to increase floor space by 40% while reimagining the 136-year-old structure.
In a strategic move to futureproof the development, the design emphasizes «world-class retail accommodation» on the ground and first floors, catering to luxury shopping needs. Simultaneously, upper floors and roof terraces will be dedicated to upmarket office spaces, reflecting evolving usage trends.
Lazari Investments, the current owner, envisions a comprehensive redevelopment, valuing the building at approximately £430 million. Despite not being listed, the structure falls within the Mayfair Conservation Area, adding a layer of architectural sensitivity to the proposed changes.
The proposed layout overhaul would result in a notable reduction in retail space, transforming the current mix of over 12,000 sq m of retail and less than 2,300 sq m of offices. The redesigned space would feature just under 4,700 sq m of retail, comprising four units accessible from New Bond Street, and over 16,000 sq m dedicated to offices.
This strategic realignment underscores a broader trend in optimizing commercial spaces to meet evolving demands, positioning the Fenwick Bond Street building as a dynamic hub that balances luxury retail with upscale office environments.
