Crossrail today submitted plans for developing the area surrounding Tottenham Court Road and Oxford Street that include a replacement for the demolished Astoria theatre.
The plans were submitted to Westminster City Council in conjunction with developer Derwent London. The submission proposed two above ground developments located over each ticket hall of the integrated Tottenham Court Road station that will serve both Crossrail and London Underground passengers.
The new retail, office and residential accommodation development will cover four blocks and will make “a significant contribution” towards the Crossrail funding package, the company said. In total, £1bn is being spent to build the new Crossrail station and upgrade the capacity of the Tube station.
Derwent London has entered into an agreement with Theatre company Nimax, which will operate a new 350 seat theatre to replace the Astoria. London Underground and Crossrail have also proposed detailed plans to renew and upgrade the public spaces around the eastern ticket hall and St Giles area.
“The east end of Oxford Street has long deserved the economic boost, improved public space and glamour these plans will deliver,” said London mayor Boris Johnson. “It will be a gleaming example of the opportunities that will follow the route of this new line, as well as offering the facility to zoom from one side of London to the other at record speed.”