A joint venture between a Meyer Bergman-advised investment fund and Warrior Group is seeking to deliver a £1bn redevelopment of the once grand department store in Bayswater.
The Foster + Partners designed mixed-use scheme, which will incorporate the iconic central dome, will see 500,000-plus sq ft built behind the existing 1911 facade.
This will include construction of more than 100 homes, a mixture of apartments and townhouses. These will be arranged around an inner courtyard with new shops, a boutique hotel, gym and basement cinema.
The scheme will open onto Queensway, which is planned to undergo a £50m revamp scheduled to begin in early 2016.