Construction started today on Marble Arch Place, the landmark development from Almacantar and The Portman Estate, which will be London’s premier mixed-use scheme in a spectacular location overlooking Hyde Park.

Brookfield Multiplex, the international construction company, has been appointed contractor for the scheme. The development is scheduled for completion in 2020.

The existing 1960’s building will be replaced by a new world-class residential, office and retail scheme, with views across the finest of the Royal Parks.

Conceived in partnership with freeholder, The Portman Estate, renowned architect Rafael Vinoly, and interior designers, Millier London, the development will deliver the highest quality of specification for residential and commercial buildings in London. The public realm will increase accessibility to Portman Village and offer dynamic retail frontages with cafes, restaurants, shops and an entrance to a new Odeon cinema.

The development consists of an 18-storey residential tower, with 54 apartments and a 7-storey commercial building providing a total of over 95,000 sq.ft. of high quality offices. The apartments and offices will benefit from wonderful views of Hyde Park and across the City, with several floors featuring large terraces.

British artist Lee Simmons has designed a stunning public art installation, which takes inspiration from nearby Hyde Park.

Kathrin Hersel, Property Director, Almacantar commented: “Marble Arch Place will be a stunning new landmark for London – an enviable residential and commercial address where the sophistication of Mayfair meets the calmness of Hyde Park. The scheme’s design and position makes it a prominent new addition to a flourishing West End.”

Oliver Fenn-Smith, Property Director at The Portman Estate commented: “Marble Arch Place will significantly contribute to the ongoing transformation of the area and this iconic gateway to London’s West End.