Shabby Bayswater is about to clean up its act, with plans to create new luxury apartment blocks and boutique hotels in the area and a pedestrianised high street at Queensway.<\/p>\n
Westminster council has big plans for Bayswater. The area’s high street, Queensway – currently a grubby and uninviting road – is set to be transformed into a pedestrianised boulevard with new paving, lights and trees, to make the area more in keeping with its smarter neighbours such as Hyde Park and Notting Hill.<\/p>\n
It has commissioned architects Burns + Nice for the redesign of the area.<\/p>\n
Meanwhile, an unnamed billionaire, who bought the Whiteleys shopping centre in Queensway as part of a \u00a3500 million deal in 2013, has announced plans to remodel the historic department store.<\/p>\n
The Grade II-listed fa\u00e7ade will be retained, but most of the existing building will be demolished to make way for a mixed scheme of shops, restaurants, a hotel and flats.
\nIt will be designed by Lord Foster\u2019s firm, Foster + Partners.<\/p>\n
Next year, The Hempel Collection, a luxury scheme by developers Amazon Property and British Land, will go on sale a few streets away from Queensway. Its 34 apartments and townhouses are being built behind the fa\u00e7ade of two former hotels, including the five-star Hempel Hotel in Craven Hill Gardens.<\/p>\n
Eastern & Oriental Berhad, a Malaysian-based development company, plans to partially demolish the vacant Esca office building in Palace Court, and adjacent offices and flats in Chapel Side, to create 24 luxurious apartments with a three-storey underground car park and shared roof garden.<\/p>\n
According to the latest data from Savills, house prices in Bayswater are rising strongly, up 74 per cent since the depths of the recession in 2010 to reach an average \u00a31.26 million. Over the past decade, prices have risen 169 per cent.<\/p>\n
Bayswater\u2019s rising star is part of an upturn in fortunes for homes in the wards to the north of Hyde Park \u2013 traditionally less aspirational areas than those to the south, such as Knightsbridge and Kensington.<\/p>\n
Lucian Cook, director of residential research at Savills, said that in the past year, the price of property south of Hyde Park rose by 12.2 per cent, while prices north of the park rose 14.3 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shabby Bayswater is about to clean up its act, with plans to create new luxury apartment blocks and boutique hotels in the area and a pedestrianised high street at Queensway. Westminster council has big plans for Bayswater. The area’s high street, Queensway – currently a grubby and uninviting road – is set to be transformed […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-1281","post","type-post","status-publish","format-standard","hentry","category-news","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9PjAq-kF","_links":{"self":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/1281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/comments?post=1281"}],"version-history":[{"count":0,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/1281\/revisions"}],"wp:attachment":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/media?parent=1281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/categories?post=1281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/tags?post=1281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}