Project being masterminded by Phones4U founder John Caudwell
Mace has been appointed construction manager on a super-prime residential scheme in Mayfair masterminded by billionaire John Caudwell.
The Audley Square development from Caudwell 鈥� best known as founder of the retailer Phones4U 鈥� will include five townhouses, three penthouses, a mews home and 21 flats. It has been drawn up by Robert AM Stern Architects, the New York architect behind 15 Central Park West, which is considered one of Manhattan鈥檚 most desirable addresses. Technical architect on the job is EPR.
The site, which was once home to a petrol station, car park and aparthotel, was cleared by Cantillon with Careys carrying out the 拢60m substructure and superstructure work.
The job has been on the blocks since it was flattened three years ago with speculation then that the main contractor package would be around 拢300m.
No value on Mace鈥檚 CM deal has been given but it is understood earlier on in the process a number of firms ran the rule over the job which is being marketed to rival super-prime schemes such as RSHP鈥檚 One Hyde Park, built by Laing O鈥橰ourke.
The scheme, which is Mace鈥檚 second win in the Mayfair area in a little over a month after it picked an office job for developer Astrea in August, is set to be eight storeys at its highest point and is extended by five basement levels.
Mace, which is understood to have insisted on a CM route, will be in charge of the shell and core, as well as the facade packages and communal fit-out.
Earlier this year, London fa莽ade stone and marble specialist EDM, which last year posted a turnover of just over 拢14m, down from 拢18.5m after being hit by shutdowns caused by covid, will build the fa莽ade of the development which will include balustrades, ornamental fretwork etched onto the frontage and curved balconies.
Gardiner & Theobald is the QS and employer鈥檚 agent while others working on the scheme include structural engineer Arup and M&E consultant Hoare Lea.
Caudwell sold Phones4U in 2006 for 拢1.24bn and was listed as having a personal fortune of 拢1.5bn in this year鈥檚 Sunday Times Rich List.
No comments yet