Grosvenor has submitted its planning application to develop a new residential-led mixed-use neighbourhood in Belgravia, SW1.
Partially bordered by Ebury Street, Cundy Street and Pimlico Road, the scheme, known as the Cundy Street Quarter, will replace five existing buildings with 70 open market homes and 93 affordable homes.
The affordable homes will include 44 social rented homes and all will be 50% larger than existing homes and have dedicated communal gardens and play spaces.
The scheme will also provide senior living accommodation for up to 170 people.
All Westminster City Council residents in Walden House, which is one of the buildings to be redeveloped as part of the scheme, have a right to return to the new social rented homes on site with the option to move just once should they choose, Grosvenor said.
Grosvenor is also aiming to make the development sustainable and, as part of its plans, will also invest more than £2m in Ebury Square, plant 65 additional trees and create 27,000 sq ft of green and blue roofs to enhance the local biodiversity and reduce water consumption.
In addition, the new buildings at Cundy Street are expected to produce 90% less carbon when in use than the existing ones, equivalent to planting 3,500 trees per year.
Grosvenor’s CIL contribution for the scheme will be £20m.
Subject to planning approval, work on phase one of the development is expected to begin in late 2021 with the first homes ready by 2025 and the whole scheme completed 2027/28.
Fergus Evans, project director at Grosvenor Britain & Ireland, said: “From the outset we wanted to design a new part of the neighbourhood that would deliver more opportunity in Belgravia, better homes, more open space, new facilities and a much greener environment.
“There were challenges raised and we know we didn’t get everything right. But that challenge has turned into conversation, which not only improved these proposals but also helped transform how we engage with communities across our business.
“Today, the value of open green space and need to respond to the climate emergency is clearer than ever. With larger, more energy efficient homes, set in new green space open to all, these designs will help make Belgravia fit for the future.”
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