Traders from the street which gave birth to famous brands such as Patak’s say that blocking the street to through-traffic and demolishing the hotels and buildings which provided its customers have cut revenue by 40 to 60%.
Placed just outside Euston station, HS2 promised to bring customers straight to the street’s doorstep.
But with the train-line now expected to be delivered as late as 2036 and a current pause in construction, Drummond Street is even quieter, and more frustrated, than ever before.
With costs currently double original estimates, it is understood that the Euston terminus will only be able to go ahead with help from private finance, leaving the street in further uncertainty about the future.
Traders have now taken matters into their own hands by organising community festivals, such as a Summer Festival and Winter Festival which happened earlier this year.
When asked about the financial repercussions on the area, an HS2 spokesperson said: “The new station at Euston will bring huge improvements for passengers and the local community, forming part of the last big regeneration in central London.
“It presents a unique opportunity to redevelop and reconnect a new destination with homes, businesses, shops and community facilities along with open and green spaces.”