The project is being undertaken by Nimax Theatres, owners of the Apollo, Duchess, Garrick, Lyric and Vaudeville Theatres. Nimax have also recently acquired Andrew Lloyd Webber’s Palace Theatre in Shaftesbury Avenue.
Chief executive of Nimax, Nica Burns, told the Finical Times about her excitement for the project: ‘I’m delighted that this beautiful theatre has gone on to the next stage of its development. It will add greatly to the potential of London theatre making. I didn’t want it to compete with other theatres. I wanted it to offer a different space for London in a fabulous location for actors and directors.’
The new state-of-the-art theatre venue will be constructed on top of Tottenham Court Road Station, which is currently undergoing redevelopment. Work on the theatre is expected to begin in 2017.
Plans for the interior of the building have also been revealed. The theatre’s design will allow for a variation of performance spaces to be created. There will be facilities for productions to perform in the round and in a horseshoe configuration. The theatre is expected to accommodate up to 500 visitors.