Block being developed by founder of Phones 4u prices has homes with prices starting at £35m
Housing developer Caudwell has topped out a £2bn scheme in Mayfair designed by Robert Stern that is being billed as the most luxurious residential development in the world.
The 1 Mayfair scheme takes up half a city block in the prime central London neighbourhood but will contain just 24 homes, with prices starting at £35m.
Construction of the scheme’s superstructure and 27 metre-deep basement has now been completed by Careys, with full completion expected for spring 2026.
Once complete, it will offer residents five-star ‘hotel-style’ services including a concierge, valet parking, 24-hour security, a health spa and a 20 metre swimming pool.
Its homes are a mix of townhouses, penthouses and apartments set around a central garden, with the building containing numerous entertainment spaces, lounges and an entrance rotunda with a hand-painted fresco ceiling.
Residents will also have use of a “crystal gallery” containing more than a thousand cast-glass pieces which is intended as a contemporary take on the Hall of Mirrors at the Palace of Versailles.
John Caudwell, the founder of Caudwell Group, said the scheme’s topping out marked the advanced stage of construction for a project which will be “timeless in terms of its architecture, design and build quality, setting a benchmark for London living and luxury design for centuries to come”.
Caudwell, who founded phone retailer Phones 4u and is now estimated to be worth around £1.6bn, gave the Conservative party £500,000 before the 2019 general election but switched his support to Labour this year, saying that he saw a party under Keir Starmer that was committed to GDP growth.
Stern’s practice Robert A. M. Stern Architects is based in New York and has completed numerous large towers in the city designed in the New Classical style, including the 35-storey 15 Central Park West and the 54-storey 520 Park Avenue.
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