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Planning approval has also been granted for the new Crossrail ticket hall at Hanover Square.
The Masterplan development will surround Crossrail's Bond Street station’s eastern exit on Hanover Square and provide a 300,000 sq.ft mixed use development of retail, commercial and residential space.
Preparatory works for Crossrail's new ticket hall in Hanover Square have already commenced prior to main construction getting underway in 2012. Great Portland Estates will be responsible for building the over-site development once the ticket hall in Hanover Square is completed.
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The design for Crossrail's Bond Street station western exit on Davies Street also makes provision for the implementation of an over-site development. This will be the subject of a separate planning application by Grosvenor and Crossrail later this year.
David Allen, Crossrail's Finance Director said: "This is the first in a number of significant schemes being made possible by the new Crossrail stations. Crossrail has created an opportunity to develop a new Masterplan for this prominent 1.3 acre site in Mayfair. The plans include a mixed use over-site development above the entrance to Crossrail's Bond Street station in Hanover Square. Sites above other Crossrail stations are being developed to ensure we take advantage of the regeneration opportunities Crossrail is bringing to London and to ensure that the new railway plays a full role in creating an improved urban environment."
Over 155,000 passengers use Bond Street Tube station daily and with the arrival of Crossrail in 2018, passenger numbers are expected to increase to 225,000.
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