The No.1 Grosvenor Square development will involve the reconstruction and restoration of the façade of the building. The neo-Georgian building was originally built in the 1930s and has served as the home to the US Embassy between 1938 and 1960.
Pranav Goel, Lodha UK co-head, said: “Mace has a very strong track record of delivering high quality, iconic developments in central London. No.1 Grosvenor Square will be one of the most sought-after residential developments in the world and we look forward to working with Mace to deliver this exceptional scheme.”
Mace chief operating officer of construction, Gareth Lewis, added: “We are delighted to have been chosen as the main contractor for the restoration and redevelopment of the historic No.1 Grosvenor Square in Mayfair for Lodha UK.
“Mace has an extensive track record in the residential sector. Whether we’re refurbishing or converting older properties, including listed buildings, or delivering new build developments, we are committed to raising the quality of living both in the UK and abroad.”
Construction work is set to commence in the end of 2017 and be complete in 2019.
* Data provided by Timetric's Construction Intelligence Center.
* Mayfair pictured.