Office and retail scheme is for the Crown Estate and Exemplar

Mace will help redevelop London’s famous Regent Street under a new £50m contract.

The firm has been appointed for the Regent Street Block W4 job by the Crown Estate and developer Exemplar following competition from Sir Robert McAlpine and Bam Construct, ¾«¶«Ó°ÊÓ understands.

The scheme, the latest part of the Crown Estate’s £1bn Regent Street Vision progamme, has planning permission and will create 50,000ft2 of new retail space and 140,000ft2 of office space, but will retain the listed frontages of 169-183 Regent Street and 3 and 4 New Burlington Street.

As part of the new development, 45 homes will be built in a nearby street, 22 of which will be affordable family homes.

The overall scheme is due for completion at the end of 2013.

All parties declined to comment.