Thor Equities and London-based Meyer Bergman have officially unveiled the revamped Burlington Arcade in London with a $15.6 mln (approx. €14.24 mln) restoration of the historic covered street.
The 19th century shopping arcade had received new flooring earlier this month designed by British architect Jamie Fobert, who specializes in historic renovations. The Arcade now features beautiful stone floors sourced from English quarries, as well as restored original details including the building’s grand upper arches.
“The Burlington Arcade has been heralded as a historic and architectural masterpiece ever since it was first unveiled to great acclaim in 1819,” said Joseph Sitt, CEO of Thor Equities. “With this magnificent redesign, the Arcade will remain a treasured London destination for generations to come.”
Renovation work on the arcade has been carried out in phases by Meyer Bergman and Thor Equities since they acquired the property in 2010, including renovations on the ceilings, lighting, and a new art installation
. In 2014, the Arcade welcomed a string of Chanel-owned labels including swim and lingerie label Eres, watchmaker Bell & Ross, milliner Maison Michel, and knit label Barrie. They joined a roster of established retailers including Ladurée, Vilebrequin, Harrys of London, Lulu Guinness, and Church’s.
The longest covered shopping street in the United Kingdom, the Burlington Arcade unites Piccadilly and Bond Streets in the heart of Mayfair. With approximately 37,000 ft² (approx. 3,437 m²) of retail space and a combined frontage of over 1,100 feet (approx. 335 m), the Arcade attracts over 4 million visitors a year.
Source: Thor Equities