Sale of Marylebone car park could generate millions for council
Westminster Council is set to scoop millions from the sale of a Marylebone car park, after it was put on the market on Saturday.
The 0.83 acre Moxon Street car park will be sold to a residential developer, and could attract more than �2,000 per square foot.
The council says it will use the money generated to provide new facilities and investment for schools, accommodation and other council services.
Council policy would require 35 per cent of homes to be affordable, and a spokesman said the planning committee would apply these rules in the same way as for any other development.
The car park was acquired in 1991, after the disposal of assets belonging to the abolished Greater London Council.
A residential or community development on the site has been considered since 2009, initially as a home for Marylebone library which will now be built on Luxborough Street.
Cllr Jonathan Glanz, Westminster City Council’s Cabinet Member for Housing and Property, said: “We are delighted to bring this site to the market, which is set in a prime central London location and has great potential.
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“It provides the opportunity for the creation of much needed new homes, shops and community facilities for the area, in a flagship mixed-use development which will be a fantastic addition to Marylebone.”