Property company Almacantar has started drawing up plans for a 250,000 square feet redevelopment of the Marble Arch Tower in London's West End, according to an Inside Housing report .

According to the report, Almacantar is planning to demolish the existing 82 metre 1960s office block to make way for a mixed-use scheme, which will consist of 100,000 sq ft of offices, around 60 flats and retail in the remaining space. The development will have a public space in the centre which will divide the office and retail parts. Retail would run along the frontage on the ground floor, on the corner of Edgware Road and Oxford Street's western end.

Almacantar bought the 21-storey tower from Orchard Street Investment Management in May 2011 for £80 million. In March this year, it announced that it had picked architect Rafael Vinoly, who was also the architect on masterplans for Battersea Power Station and the Land Securities "walkie-talkie" skyscraper in London City, to work on the scheme.

It is thought that plans for the scheme could be completed over the next months and that a planning application could be submitted to Westminster Council as early as December this year.

Almacantar is also working on revised plans for the redevelopment of Centre Point at the opposite end of Oxford Street after Camden Council rejected its previous submissions.

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