11/08/2017
In the bustling landscape of West London, a significant transformation is underway, breathing new life into a historic site once synonymous with the capital's iconic black cabs. The development known as Taxi House, poised to become a landmark of modern urban living, has sparked considerable interest, particularly regarding its ownership and the innovative vision behind it. Far from being just another residential complex, Taxi House represents a pioneering endeavour in sustainable, community-focused development, and understanding its foundations begins with knowing who holds the reins.
The ownership of Taxi House is a crucial aspect of its story, underpinning the project's ambitious scope and commitment to excellence. This impressive mixed-use redevelopment, located on the Grand Union Canal in Westbourne Park, is owned by Cheyne Capital, a prominent alternative investment manager. Their acquisition and subsequent redevelopment of the former London Taxi Drivers’ Association headquarters signal a strategic investment in high-quality, impactful real estate. Cheyne Capital's involvement ensures a robust financial backing and a long-term vision for the property, focusing on creating a truly diverse space for living, working, and relaxation.
- Cheyne Capital: The Visionary Owner
- Mason & Fifth: The Expert Operator
- From Taxi HQ to a Green Landmark: The Transformation
- A Lifestyle Ecosystem: What Mason & Fifth, Westbourne Park Offers
- The Minds Behind the Design
- Project Timeline and Future Outlook
- Comparing Flexible Living at Taxi House
- Frequently Asked Questions About Taxi House
Cheyne Capital: The Visionary Owner
Cheyne Capital, as the owner of Taxi House, plays a pivotal role in shaping its future. This alternative investment manager is renowned for its pursuit of high-quality mixed-use schemes that not only offer significant returns but also boast meaningful sustainability credentials and a strong community-led focus. Their investment philosophy aligns perfectly with the ethos of the Taxi House project, demonstrating a commitment to developing assets that serve both commercial objectives and societal well-being. Filippo Alessandria of Cheyne Capital articulated this vision, emphasising the strong demand for such developments and their ambition to create a flagship asset that sets new industry standards. Their decision to redevelop a historic site with such meticulous attention to detail underscores their dedication to creating a cultural destination that will provide much-needed flexible living solutions to the London market. Their confidence in the project's potential and its contribution to urban regeneration is evident in every aspect of its design and execution.
Mason & Fifth: The Expert Operator
While Cheyne Capital holds the ownership, the operational reins of Taxi House will be in the capable hands of Mason & Fifth. This leading operator in the flexible living sector has been selected to launch and manage the site, which will open under the name Mason & Fifth, Westbourne Park. This partnership is a testament to Mason & Fifth's proven track record and their distinctive 'home-away-from-home' ethos, which they have consciously developed and refined over the past five years. David Silver, Co-Founder at Mason & Fifth, expressed immense enthusiasm for operating this 'jewel-in-the-crown' project. Their expertise lies in creating centrally located buildings that offer complete flexibility and foster meaningful social connections through intelligent design, all underpinned by a comprehensive wellness, workspace, and food & beverage proposition. This synergistic relationship between owner and operator ensures that Taxi House will not only be a structurally sound and environmentally friendly building but also a vibrant, community-driven living space.
From Taxi HQ to a Green Landmark: The Transformation
The journey of Taxi House is one of remarkable transformation. What was once the functional headquarters of the London Taxi Drivers’ Association is now being reimagined as a cutting-edge mixed-use development. This re-purposing of a significant urban site highlights a growing trend in city planning: converting disused commercial or industrial buildings into vibrant, multi-functional spaces. The very name, Taxi House, serves as a nod to its historical roots, honouring the legacy of London's taxi trade while simultaneously ushering in a new era of purpose. The redevelopment began its works in 2022, a testament to the scale of the ambition behind the project, and is slated for completion in June 2025. This timeline reflects the intricate planning and construction required to achieve such a high standard of development. The choice to retain a link to its past through the name 'Taxi House' while embracing a thoroughly modern future is a thoughtful touch, connecting the building to the rich tapestry of London's history.
A Beacon of Sustainability: BREEAM Outstanding
One of the most groundbreaking aspects of Taxi House is its unparalleled commitment to environmental sustainability. It is the first redevelopment of its kind to achieve a BREEAM Outstanding certification, an exceptionally high standard in environmental assessment for buildings. This achievement is not merely a label; it signifies a deep-seated dedication to eco-conscious design and construction. The BREEAM Outstanding rating is a testament to several key features:
- Over 90% Blue and Green Roofs: This extensive integration of living roofs is a remarkable feat. Green roofs provide insulation, reduce urban heat island effect, manage stormwater runoff, and create biodiverse habitats. Blue roofs are designed to temporarily store rainwater, releasing it slowly to reduce pressure on drainage systems. Together, they form a highly efficient and ecologically beneficial system.
- Meticulous Material Selection: Every material used in the construction and fit-out of Taxi House has been chosen with sustainability in mind. This includes sourcing materials with low embodied carbon, recycled content, and those that are locally sourced to reduce transportation emissions. The focus is on durability, non-toxic properties, and end-of-life recyclability, ensuring a minimal environmental footprint throughout the building's lifecycle.
- Efficient Plant Design: The building's mechanical and electrical systems, or 'plant', have been designed for maximum energy efficiency. This includes advanced heating, ventilation, and air conditioning (HVAC) systems, smart lighting controls, and potentially renewable energy sources integrated into the building's operations. The goal is to significantly reduce energy consumption and operational costs, contributing to a lower carbon footprint.
These features collectively underscore Cheyne Capital and Mason & Fifth's shared commitment to creating a development that is not only aesthetically pleasing and functional but also a true pioneer in environmental stewardship. This focus on sustainability will undoubtedly set a new benchmark for future urban developments.
A Lifestyle Ecosystem: What Mason & Fifth, Westbourne Park Offers
Upon its opening, Mason & Fifth, Westbourne Park is set to redefine flexible urban living. The development will feature 332 private studios, each meticulously furnished and equipped with its own kitchen and en-suite bathroom, offering residents the convenience and privacy of a self-contained home. Recognising the diverse needs of modern dwellers, the property will also offer 'Out & About' studios. These studios are thoughtfully designed without kitchens, catering specifically to individuals who anticipate spending more time exploring London and utilising the property's extensive communal dining and social spaces. This flexibility allows residents to choose an accommodation style that perfectly aligns with their lifestyle.
Unrivalled Amenities for Enhanced Living
The true allure of Mason & Fifth, Westbourne Park lies in its comprehensive suite of on-site amenities, meticulously curated to foster a complete lifestyle ecosystem:
- Canal-Side Dining Concept: Imagine enjoying delicious meals and refreshing drinks with picturesque views of the Grand Union Canal. This dining experience is designed to be a social hub, perfect for casual meet-ups or more formal gatherings, seamlessly blending indoor comfort with outdoor serenity.
- Wellness Studio: Dedicated to promoting holistic well-being, the wellness studio will provide space for fitness, yoga, meditation, and other activities that support physical and mental health. This amenity underscores the commitment to a balanced lifestyle for all residents.
- Panoramic 10th-Floor Lounge and Terrace: Offering breathtaking views across London, this elevated space promises to be a spectacular retreat. It's designed for relaxation, socialising, and taking in the city's skyline, providing a luxurious escape from the urban bustle.
- Cinema and Listening Lounge: For entertainment and cultural enrichment, residents will have access to a dedicated cinema for film screenings and a sophisticated listening lounge, perfect for enjoying music in a high-fidelity environment. These spaces offer intimate settings for leisure and creative pursuits.
- Artist Studio Spaces: In a nod to fostering creativity and supporting the local community, dedicated artist studio spaces will be available for local artists. This initiative provides a platform for artistic expression and encourages a vibrant cultural exchange within the development.
- Pop-Up Retail Space: Adding to the dynamic mix, a flexible pop-up retail space will host both well-known and emerging brands, as well as local creatives. This ever-evolving retail offering ensures that residents have access to unique products and experiences right on their doorstep, further enhancing the sense of community and local engagement.
These amenities are not merely add-ons; they are integral to Mason & Fifth's proposition of an enhanced living experience, designed to encourage meaningful social connections and provide everything residents need within reach.
The Minds Behind the Design
The exceptional design of Taxi House is the result of a collaborative effort involving some of the industry's most respected names. Architects Allford Hall Monaghan Morris (AHMM), known for their innovative and contextually sensitive designs, have been instrumental in shaping the building's structure and aesthetic. Complementing their architectural vision are interior designers Tigg & Coll, who bring their expertise in creating sophisticated and functional interior spaces that resonate with modern living. Crucially, the Mason & Fifth in-house design team, alongside Interior Address, have also played a significant role, ensuring that the operational ethos and resident experience are seamlessly integrated into the design from conception. This multi-faceted design approach guarantees a cohesive and thoughtfully crafted environment that is both visually stunning and highly practical.
Project Timeline and Future Outlook
The journey of Taxi House from conception to completion has a clear timeline. Works commenced in 2022, marking the beginning of this ambitious redevelopment. The much-anticipated completion is scheduled for June 2025, at which point the site will officially open its doors as Mason & Fifth, Westbourne Park. For those eager to experience this new standard of flexible living, bookings for both long- and short-term stays will open in January 2025. An early opportunity to express interest is also available, with a waitlist opening from September 2024. This structured timeline allows for meticulous preparation, ensuring that every aspect of the development is perfected before welcoming its first residents.
Looking ahead, Taxi House represents a significant milestone for both Cheyne Capital and Mason & Fifth. For Cheyne Capital, it is a flagship asset that embodies their commitment to sustainable, community-focused developments. For Mason & Fifth, Westbourne Park will be their third and largest site to date, building on the success of their existing schemes in Belsize Park and East London. The co-founders' statements highlight a shared ambition to expand their London portfolio and explore further opportunities, reinforcing their position at the forefront of the flexible living market. The success of Taxi House is poised to influence future urban regeneration projects, setting a high bar for sustainability, amenity provision, and community integration.
Comparing Flexible Living at Taxi House
To truly appreciate the innovative offering at Mason & Fifth, Westbourne Park, it's insightful to compare its flexible living model with more traditional rental options:
| Feature | Traditional Rental (Typical London) | Mason & Fifth, Westbourne Park (Taxi House) |
|---|---|---|
| Lease Term | Fixed, often 12 months minimum | Flexible, long- and short-term stays available |
| Furnishings | Often unfurnished or basic furnishing | Fully furnished private studios with kitchen & en-suite; 'Out & About' studios available |
| Amenities | Limited or additional cost (e.g., gym membership) | Extensive on-site: canal-side dining, wellness studio, 10th-floor lounge/terrace, cinema, listening lounge, artist studios, pop-up retail |
| Community | Self-driven, reliant on external networks | Designed for social connection, curated events, shared spaces |
| Bills/Utilities | Separate, managed by tenant | Often included or simplified, part of a holistic living package |
| Sustainability | Varies widely, often not a primary focus | BREEAM Outstanding certified, 90%+ blue/green roofs, meticulous material selection, efficient plant design |
| Maintenance/Support | Landlord/agency dependent, can be slow | Professional on-site management, responsive support |
Frequently Asked Questions About Taxi House
Q: Who owns Taxi House?
A: Taxi House is owned by Cheyne Capital, a leading alternative investment manager known for its focus on high-quality, sustainable mixed-use developments.
Q: What is Taxi House?
A: Taxi House is a mixed-use redevelopment of the former London Taxi Drivers’ Association headquarters in Westbourne Park. It will open as Mason & Fifth, Westbourne Park, offering 332 private studios and extensive amenities for flexible, community-focused living.
Q: When will Mason & Fifth, Westbourne Park open?
A: Works are due to be completed in June 2025, at which time it will open under the name Mason & Fifth, Westbourne Park. Bookings will open in January 2025, with a waitlist available from September 2024.
Q: What makes Taxi House sustainable?
A: It is the first redevelopment of its kind to achieve a BREEAM Outstanding certification. This is due to features like over 90% blue and green roofs, meticulous material selection, and efficient plant design, significantly reducing its environmental impact.
Q: What type of accommodation is available?
A: The development will offer 332 private studios, each with its own kitchen and en-suite bathroom. Additionally, 'Out & About' studios without kitchens will be available for those who prefer to utilise the communal dining facilities.
Q: Can I stay for a short period, or is it long-term only?
A: Mason & Fifth, Westbourne Park is designed for both long- and short-term stays, offering flexibility to suit various needs and lifestyles.
Q: What amenities will be available on-site?
A: Residents and guests will have access to a wide range of amenities including a canal-side dining concept, a wellness studio, a panoramic 10th-floor lounge and terrace with a cinema and listening lounge, artist studio spaces, and a pop-up retail space.
Q: Where is Taxi House located?
A: Taxi House is located on the Grand Union Canal in Westbourne Park, West London, in close proximity to various public amenities and transport links.
Q: Who designed the development?
A: The development has been designed by architects Allford Hall Monaghan Morris (AHMM) and interior designers Tigg & Coll, alongside the Mason & Fifth in-house design team and Interior Address.
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