Derwent London has taken back its development site at Soho Place, W1, from Crossrail, which has completed base infrastructure works for the Elizabeth line.
The developer said it plans to appoint a contractor later this year to build the consented 285,000 sq ft scheme over Tottenham Court Road station, comprising 209,000 sq ft of offices, 36,000 sq ft of retail and a 40,000 sq ft theatre.
Ian Lindsay, Crossrail land and property director, said: “This is the first Crossrail site to be handed over for full construction of the development above.
“Tottenham Court Road is our flagship development with Derwent London and our highest value commercial site.
“The creation of new retail and commercial space, including the first new West End theatre in a generation, will not only support the continued regeneration of Oxford Street, but will help shape the future of this historic area in central London.”
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