Work on luxury retirement homes on Bishops Avenue

Published:
11:57 August 3, 2022



Work will begin on a luxury home for the over-65s in the woods on Hampstead Street known as “Billionaires’ Row”.

Wates Construction has signed an agreement with retirement company Riverstone to build The Bishops Avenue, a 22,084 m2 luxury home at 56, The Bishop’s Avenue.

The final deal plans for 93 apartments with a mix of one, two and three bedroom apartments were approved by the Barnet Council in March.

The residence will include a hair and nail salon, spa with sauna and steam baths, swimming pool and vitality pool, library, club room, restaurant and bar, cinema, fitness studio and ballroom.

If necessary, care workers will be present to support the residents.

Environmental features include a pond and regenerated forest, bio-solar roof panels and electric vehicle charging points for each parking space.

The access and basement work is now scheduled to start later this month, with the main work to start in November 2023 for 86 weeks.

The project is focused on an all-electric energy strategy aimed at a net zero carbon plan.

Wates said “groundbreaking modern construction methods” will be deployed to develop the site, including the use of prefabricated facade systems, bathroom pods, utility modules and custom joinery.

Dean Rosewell, Regional Director of Wates Construction London Residential, said: “This development represents the very best in later residential facilities, raising the bar for the sector.

“What really stands out about the Bishops Avenue plan is the importance placed on putting future residents first – from first-class amenities to the design of the apartments and common areas.

“We are proud to partner with Riverstone to bring to life their ambitious plans for this luxury later residential community, leveraging our expertise in delivering complex, high-quality and sustainable housing projects in prime central London locations.”

Riverstone chief development officer Paul Vesty said the residence “marks an important milestone” as the company develops its mix of prime London locations and extensive amenities and “expands our team of experts with industry-leading sustainability and social value credentials”.

“Our partnership with Wates will enable us to bring our third home to life in a prime location where we are confident there will be a high demand for this type of exceptional offering for later living.”

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