The 132 million project at 318 Oxford Street, known as 'The Elephant,' faces engineering challenges from modernizing the 1930s building but aims for completion next year to draw back workers and shoppers.
The redevelopment of the House of Fraser site involves creating a new eight-storey building with office space, a rooftop restaurant, terrace, retail spaces, gym, and pool while preserving original structures.
House of Fraser closed in part due to pandemic effects, contributing to the decline of major shopping destinations. Its restoration into an office-led development reflects shifting retail landscapes post-COVID.
#redevelopment #retail-transformation #historic-building-preservation #commercial-real-estate #post-pandemic-recovery
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