Luxury promenade planned with 50% increase in pedestrian space.
London’s Bond Street is set to undergo a major £20 million improvement plan, with a 50% increase in pedestrian space expected.
The Bond Street Development Plan was recently announced by New West End Company’s Bond Street Development Group, together with Westminster City Council and Transport for London.
Tiffany & Co. is closely connected to the Bond Street project and will support the overhaul of the area in the coming months. UK managing director Barratt West commented: “Tiffany & Co. is very pleased to be closely involved and supporting this important project to improve the shopping experience on Bond Street for our visitors and customers from around the world.”
Redevelopment plans also include the redesign of the carriageway on Old and New Bond Street to increase pedestrian space by up to 50%.
In response to recent findings from Atkins, which revealed that 62% of traffic on Bond Street is from private car or taxi, the project will introduce a two-way traffic scheme on New Bond Street and Brook Street, enabling better flow and improved access.
This will be the first scheduled improvement plan for Bond Street in 30-years.
Managing director of the Bond Street division of the New West End Company, Beverley Aspinall, explained: “Bond Street is one of the strongest luxury destinations in the world. This is demonstrated through an ever-increasing demand from luxury powerhouse brands to locate here.
"Our plan will deliver significant commercial return as seen in other areas of London that have undergone a similar remodelling and investment over the last decade.”