Backdated from previous BA website
BloomsburyA?s largest private landowner, The Bedford Estates, unveils its vision for Store Street. As a long-term property owner and investor, The Bedford Estates is injecting approximately A#5 million into the rejuvenation of Store Street to create a compelling and improved tenant-mix and to reinstate a village high street leading towards Russell Square and The British Museum. Small independent retailers and cafes will offer an inviting contrast to the hustle and bustle of Tottenham Court Road and will be instrumental in the wider regeneration of Bloomsbury.
WHATÂS IN STORE? THE BEDFORD ESTATES UNVEILS VISION FOR STORE STREET, BLOOMSBURY, WC1
The Bedford Estates regained control of the buildings on the south side of Store Street at the end of last year on the expiry of an 80-year lease and now have the opportunity to enhance their retail portfolio and actively promote this fine piece of real estate. They are already substantially transforming the shops at 28-42 Store Street by converting them to shell condition and improving the outside appearance to provide a total of around 25,000 sq ft. The upper parts will also be converted into larger more contemporary flats.
As part of the proposals The Bedford EstateÂs brand new anchor scheme at 6 Store Street and 2-8 Ridgmount Street, has commenced on site this month with an anticipated completion in September 2011. The former Bloomsbury petrol station, which recently featured in the award-winning film ÂAn EducationÂ, will transform the street and become high quality offices, a restaurant/retail unit, totaling approximately 7,750 sq ft, designed to maintain the original appearances and character of the building.
In line with the EstateÂs strategy to attract an eclectic mix of vibrant, new and fresh independents, a brand new specialty coffee shop has opened this week, with seating for approximately 35, serving Square MileÂs seasonal espresso, teas and fresh cakes/pasteries. Owners Hesketh and Hart, said, ÂWe want to create a relaxed, light and contemporary environment in which people can enjoy great coffee and a bite to eat. We are joining the growing movement of small independently run coffee shops whose priority is to serve the best coffee possible. We welcome the opportunity to open in a street that is being revitialized and has so much potentialÂ.
There are currently 5 further units in solicitorÂs hands to include a range of lifestyle uses and a restaurant, which will complement existing tenants, estate agents Hurford Salvi Carr, Ristorante Olivelli Paradiso, The Printing Shop and CafÃ© Deco.
Store Street is the main access point from the west end into LondonÂs undisputed intellectual and literary area, home to universities, colleges and specialist hospitals. The area famously hosts The British Museum, which attracts around 6 million visitors a year. High profile tenants on Store Street include The Building Centre, home to NLA (New London Architecture), attracting over 1 million guests a year, global integrated communications agency, Imagination and the global headquarters of international construction and property consultancy, Gardiner & Theobald. The College of Law is also located on the Street.
There is also a substantial number of office workers as a well as a flourishing residential community all contributing to form a thriving atmosphere and a unique culture to the area. One Alfred Place, off Store Street, houses the new private member’s club, where the illustrious and successful entrepreneurs merge business with leisure.
Retail property advisors CWM represent The Bedford Estates.
The architects for 6 Store Street/2-8 Ridgmount Street are Garnett & Partners in conjunction with planning consultants Gerald Eve.
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