The Crown Estate has been granted planning permission by Westminster City Council for the second of its major development projects on Regent Street.
The company will now go ahead with the£55 million remodelling of 185-191 Regent Street and 13-17 New Burlington Place.
The existing facade will be retained, but the space behind will be redeveloped with 1,625 sq m of retail on three floors fronting Regent Street; 4,500 sq m of offices on six floors, with an entrance on New Burlington Place and a 365 sq m restaurant on two floors in New Burlington Place. Completion is scheduled for 2005.
Crown Estate chief executive Roger Bright said: 'I am pleased that we are another step closer to our ultimate goal of revitalising Regent Street for shoppers, as well as for the many businesses that occupy offices in the street.'
City Offices was appointed as development managers by the Crown Estate in October last year.
The architects are Trehearne and CB Hillier Parker will be the letting agent.