Ceremony comes a week after Almacantar confirmed the West End landmark’s offices had been prelet to Bridgepoint.
Almacantar has topped out its 75m Marble Arch Place, the landmark development at the edge of Mayfair overlooking Hyde Park.
The development, due for completion in 2020, consists of two buildings: an 18-storey residential tower featuring 54 apartments and amenities, alongside 95,000 sq ft of offices and a public space framed by restaurant and shops.
The residential element of the development, The Bryanston, Hyde Park reached its highest point at 18 storeys on 2nd October, in the same week as the announcement that Almacantar had pre-let all seven floors of the scheme’s commercial building, 5 Marble Arch (83,000 sq ft), to international private equity group Bridgepoint for its new headquarters.
Designed by Rafael Viñoly, Marble Arch Place will create a landmark destination for London’s West End. Multiplex, the main contractor for the scheme, is using the complex top-down construction methodology, which allows the project to reach its highest point while the basement is still being excavated and foundations poured.
Marble Arch Place will accelerate The Portman Estate’s vision for the wider area.
The retail offering across the ground floor of the estate will overlook a dramatic new public art installation by artist Lee Simmons and create a new dining destination anchoring the northeast corner of Hyde Park and Oxford Street.
Attendees at this week’s official topping out ceremony included Mike Hussey, CEO of Almacantar, Rafael Viñoly and Ashley Muldoon, CEO for Multiplex (Europe, Middle East and Canada) along with members of the project team from Almacantar, Multiplex, Careys, Waterman and Rafael Viñoly Architects.
Kathrin Hersel, Property Director, Almacantar said: “We celebrated a milestone moment in the Marble Arch Place development last week. We’re hugely proud of what we have achieved so far, a project which builds on the existing heritage of the Portman Estate, sensitively adding a new chapter to this prestigious area.”
Ashley Muldoon, Chief Executive Officer, Multiplex – Europe, Middle East and Canada said: “Multiplex is proud to be working on another scheme with Almacantar which, together with our successful collaboration on the transformation of Centre Point, will bookend Oxford Street with two landmark buildings. Working with our project partners, we are pushing the boundaries of digital construction to maximise precision in the design, quality and delivery of this ambitious development.”
Oliver Fenn-Smith, CEO, The Portman Estate said: “We are delighted to be part of this historic moment at Marble Arch Place, paving the way for an enlivened and revitalised district surrounding Marble Arch and Edgware Road.”
Knight Frank and Wetherell are the joint sales agents on the scheme.