Asset Manager BlackRock appointed Alchemi as Development Manager to explore the potential for their commercial property, 5 Strand after following Alchemi’s success with their RIBA Award winning 55 Victoria Street development.
On appointment, Alchemi held an architectural competition based on a comprehensive brief set by Studio L, London, the interior designers. A key consideration was the building’s important position in the Trafalgar Square Conservation Area.
Award-winning international architectural practice, Adjaye Associates delivered the winning entry. Resolution to grant planning consent for a stunning eleven-storey mixed-use development was green-lighted in July 2017. The configuration included 62,000 ft2 of Grade A office space and 38,000 ft2 of private residential from the seventh through to the eleventh floors.
At the end of May 2018, the development sold to an overseas Hotel Developer. The sale attracted huge interest following delivery of an outstanding planning consent of great design and additional massing of approx 35,000 ft2. There were 22 bids received and resulted in a sale that far exceeded client expectations.
Client: BlackRock
Architects: Adjaye Associates
Design concept: Classical Contemporary
Consented GIA: 151,544 ft2
Consented NSA: 105,987 ft2
NSA added: 33,628 ft2
Sustainability: Targeting BREEAM “Excellent”
Status: Planning Consent achieved for a full mixed-use development consisting of; retail, restaurant, office and private residential with basement parking.