A new development on the site of Shakespeare‘s first London theatre is leading the way in transforming Shoreditch from hipster hangout to prime-property address.
The Stage, a development spearheaded by Galliard Homes in partnership with Cain International and McCourt, is situated where the City meets east London and seeks to combine cultural heritage with modern luxury.
The development includes a sky terrace, private cinemas, a bowling alley, a gym and co-working spaces.
[See also: Super-rich line up for £35-million luxury residences at 1 Mayfair]
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The Stage’s three penthouses, designed with a base specification by Nicola Fontanella of Argent Design, have been sold – two of the three duplex homes sold within the same week. They were purchased by owner-occupiers, all from entrepreneurial backgrounds, who will use the properties as their primary residences.
One buyer, already a resident at The Stage, opted for a larger space to accommodate their growing family. The sales achieved nearly £1,700 per square foot, a bargain by Mayfair standards but a sum once thought unlikely in Shoreditch.
[See also: Mayfair set for record-breaking property streak]
‘In an area with few comparables, it’s hard to benchmark these sales,’ said David Galman, head of sales at The Stage. ‘However, achieving Mayfair-grade prices in Shoreditch speaks volumes about the area’s transformation and the lifestyle offered by The Stage, with its world-class amenities and design perfectly tailored to the vibrant Shoreditch lifestyle.’
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Situated on the historic site of Shakespeare’s Curtain Theatre is a new museum set to open in 2025.
