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 – best known as founder of the retailer Phones4U – 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’s 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 £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 £300m.
No value on Mace’s 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’s One Hyde Park, built by Laing O’Rourke.
The scheme, which is Mace’s 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 façade stone and marble specialist EDM, which last year posted a turnover of just over £14m, down from £18.5m after being hit by shutdowns caused by covid, will build the façade of the development which will include balustrades, ornamental fretwork etched onto the frontage and curved balconies.
Gardiner & Theobald is the QS and employer’s agent while others working on the scheme include structural engineer Arup and M&E consultant Hoare Lea.
Caudwell sold Phones4U in 2006 for £1.24bn and was listed as having a personal fortune of £1.5bn in this year’s Sunday Times Rich List.