Construction work for a £90 million major overhaul of Oxford Street in London is due to start in the Autumn, it has been reported.
Westminster City Council and business management consultant New West End Company (NWEC) received backing from residents and businesses to restore the London shopping district following a public consultation.
Junctions joining the street, including at Oxford Circus, will be redesigned, it is understood.
New pedestrian crossings will also be installed, as well as improvements to many existing crossing points.
Other features include wider pavements, greening and seating.
It is hoped the makeover will attract top brands back to the area, according to The Standard. IKEA and HMV have already expressed interest.
It follows a Memorandum of Understanding (MoU), representing several hundred retail, restaurant, hotel, and property owners across the West End, signed by both entities last year setting out how the public-private venture will joint fund the project.
£7.7 million to fund the next phase of design work was unlocked when the council formally approved the scheme’s business case in September 2023.
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