|
Mayfair the grand parallelogram is
geographically bounded and cannot
spread its boundaries.

The building in Mayfair commenced in
the 1660s with the construction of three
great mansions in Piccadilly. By 1686 the
Bond Street development was completed
and early in the 18th century
development took place in New Bond
Street and the Hanover Square area.

The development of the "100 acres" in
Grosvenor Square was a natural follow on
and helped satisfy the ever growing
demands of the wealthy. In 1720, Sir
Richard Grosvenor drew up plans for the
new Mayfair Estate, designed on a grid of
wide straight streets with a grand "place" at
the centre. Based initially on eleven principal
streets these were added to as the Estate
developed into what is now recognised as
one of the world’s premier locations.

Today Mayfair is a cosmopolitan mix of
residential occupiers, corporate headquarter
buildings, specialist businesses, restaurants,
hotels, shops and embassies.

The greatest of all Regency wits, Sydney
Smith (1771 – 1845) once described the
parallelogram bounded by Park Lane,
Oxford Street, Regent Street and
Piccadilly as "containing more intelligence
and human ability – to say nothing of
wealth and beauty – than the world has
ever collected in one space before."
|
The 1990s in Mayfair will be
remembered as the decade when
the residential atmosphere returned
to the area with fine period buildings
occupied as offices for fifty years
reverting back to their original
use as residential houses, maisonettes
and flats.

The trend has continued into the
21st century whereby forward
thinking developers and designers are
creating new buildings and
refurbishments of existing buildings,
which satisfy the demands of an
evermore discerning and demanding
international market.

Residential Mayfair today is a vibrant
but low profile mix of substantial Mayfair
mansion houses, spacious period
maisonettes, Georgian townhouses,
portered apartment blocks and flat
conversions.

Mayfair values are always dictated
by supply and demand whereby
discerning purchasers are prepared
to wait for the right property. The
volume of property for sale is always
very small.

The area therefore offers a unique
investment opportunity for those
discerning purchasers who wish not only
to buy in Mayfair, but into London’s
finest address.
|