Westminster City Council has given its approval for the regeneration of Tottenham Court Road and the east end of Oxford Street, including the former Astoria site.
The development plans, submitted in conjunction with Derwent London, are for two above ground developments located over each ticket hall of the integrated Tottenham Court Road station that will serve both Crossrail and London Underground passengers.
The 500,000 sq ft of retail, office and residential accommodation will cover four blocks, ‘boosting the economy’ in the eastern end of Oxford Street and Tottenham Court Road.
It will also deliver a ‘significant contribution’ towards the Crossrail funding package.
A new theatre to replace the former Astoria Theatre has also been approved. Derwent London has entered into an agreement with Nimax who will operate the new 350 seat theatre.
London Underground and Crossrail have also gained approval for plans to renew and upgrade the public spaces around the eastern ticket hall and St Giles area.
A new open pedestrian space linking Soho Square and Charing Cross Road will create new views of the Square and of St. Patrick’s Church.
