Dolphin Living exchanged contracts with Moxon Street Residential in October 2022, for the purchase of the long leasehold of 25 affordable homes at Marylebone Square.
The one-, two- and three- bed homes are superbly located in the heart of Marylebone, a stone’s throw from Marylebone High Street, and will be available to rent from £180 per week. The homes are also exclusively available to those who live or work in the borough on incomes from £32,000.
Planning permission was granted in 2016 and basement and superstructure construction has now been completed. Practical completion is anticipated in Q3 2023. Concord London is acting as development manager.
Delivered by Kier and designed by E8 Architecture, Marylebone Square is a £106m mixed-use scheme on the site of the former Moxon Street carpark - the last whole city block in the W1 postcode to be developed. Set behind an impressive art-deco style façade with bronze aluminum and granite detailing, it comprises commercial units at street level with the residential offering above. The centerpiece of the building is a glass-canopied courtyard landscaped to create a space akin to a traditional garden square.
Marylebone Square will also serve as a community destination, providing wellness-focused offerings including multiple community spaces and a, health club whilst facilitating the ongoing trading of the Farmers Market. The hall will also be accessible to the local school for learning activities.
The lowest basement levels of Marylebone Square include private parking for residents and public parking for visitors to the area.
Olivia Harris, Chief Executive of Dolphin Living said:
We're pleased to be delivering much needed intermediate rental housing in Marylebone in partnership with Moxon Street Residential.
The pandemic, followed by the cost-of-living crisis, has left many of London's workers struggling to afford to live within a reasonable commute of their workplace. Rents are rising more quickly than wages and families are preparing for higher than ever energy bills this winter.
We must not sit by while those who kept the city running throughout the pandemic are left struggling. It is our turn to support them by tackling the root issue and providing genuinely affordable homes in the centre of the city. We're pleased that the homes at Marylebone Square address the issue to an excellent standard.
Gavin de Klerk, Development Director, Moxon Residential, said:
We are pleased to be partnering with Dolphin Living to add affordable housing to the Marylebone area. Providing accessible, quality homes to the communities in and around London is vital to the capital’s long-term success and we are delighted to contribute.
The homes at Marylebone Square offer London’s workers the opportunity to live in one of the city’s most upmarket residential areas at a fraction of the cost. Marylebone High Street is known as “the hidden wonder of the West End” and was once voted best street by listeners of Radio 4. It is also within walking distance of Bond Street and Oxford Street, London’s finest museums, theatres, art galleries and Regent’s and Hyde Park.