10 December 2015 – Evening Standard
Mayfair’s oldest car park has been sold to the billionaire Reuben Brothers, who plan to turn it into a £500 million development near Hyde Park Comer. The Electromobile Garage site in Carrington Street – described as one of the last “blank canvases” in Mayfair – was bought for about £70 million by Motcomb Estates, owned by David and Simon Reuben.
Architects Allford Hall Monaghan Morris have drawn up three proposals for converting the 60,000 sq ft space. Options include apartments; a casino, private members’ club and hotel complex; and a boutique art gallery. Built in 1907, it is located in the Shepherds Market area and had been owned by Israeli company Delek Real Estate, which shut in the financial crisis. The Reubens, who already control a swathe of Mayfair, said: “We are delighted to be able to add this iconic site to our existing portfolio … the acquisition also allows us to integrate it into our existing Piccadilly portfolio.”