Research article

Success Encourages Developers

Prime residential development in Marylebone and Fitzrovia is set to continue.

Over the past few years, both Marylebone and Fitzrovia have seen an increasing number of prime residential developments and this is set to continue. While the majority of these developments are under 100 private units or much smaller, there have been a few game changing larger schemes.

The largest development in the area for some time was Fitzroy Place, which is due to complete later this year and has helped to put Fitzrovia on the map as a prime residential location. Also located in Fitzrovia is Rathbone Square, which is scheduled to complete in 2017 and is the second biggest development currently under construction.

In Marylebone, the developments in the pipeline are smaller. There are three notable residential schemes in close proximity, two are opposite each other on Paddington Street: Chiltern Place and The Chilterns and, just to the south, there is a planning application to redevelop Moxon Street Car Park. In addition, The Mansion on Marylebone Lane close to Oxford Street will be completed in 2017.

The success of the current schemes and the prices being achieved has encouraged more developers to the area as Marylebone is firmly established as a super prime location and Fitzrovia moves up the rankings.

Figure 3

FIGURE 3Key developments in Marylebone and Fitzrovia with over 20 private units, which we expect to deliver over the next five years.

Source: Savills Research

Other articles within this publication

1 other article(s) in this publication