departed to Westminster Abbey. Later that year, Cambridge House was sold to the Naval and Military Club, which had outgrown its previous headquarters. The club came to be known as the "In and Out", from the prominent traffic-directing signs on its entrance and exit gates. Members included T. E. Lawrence and Ian Fleming. Recent history In 1999, the Naval and Military Club moved to new premises, having sold Cambridge House in 1996 to entrepreneur Simon Halabi for £50 million. Halabi planned to convert the property into a private members' club and hotel, part of his Mentmore Towers project, and to build a swimming pool and squash courts underneath the forecourt of the house. However, the building remained vacant after 1999, and it fell into a state of disrepair. Plaster was falling off the ceiling in the first floor rooms, and many floorboards had been pulled up. In 2009, Halabi's companies went into bankruptcy. In June 2010, Cambridge House and its adjoining buildings, 90–93 Piccadilly (and 42 Half Moon Street), 95 Piccadilly (the former American Club) and 12 White Horse Street (the rear section being vacant land), as well as 96–100 Piccadilly (on the other side of White Horse Street), were all offered for sale through property brokers Jones Lang Lasalle, collectively referred to as the Piccadilly Estate, for in excess of £150m. In June 2011, the site was acquired by David and Simon Reuben for a reported £130m through their investment company, Aldersgate. In October 2012, applications were submitted for a full refurbishment into private homes (Numbers 94 and 95) and residential apartments (Numbers 90–93 and 42). In April 2013, David and Simon Reuben received approval to develop the property into a 60,600 square foot single home. It would likely have become the UK's most expensive home, estimated to be worth about £250 million after renovation. According to Bloomberg News, "the planning application for Number 94 was approved after the two investors offered to contribute £3.85 million to the construction of affordable housing in the borough." However, that development plan subsequently changed, and a new plan was conceived to convert the property into the "Cambridge House Hotel and Residences", with a five-star hotel and seven serviced residences. Work on the project is being carried out by PDP London. References Pearce, David (1986). London's Mansions. External links Reuben Brothers – real estate holdings Reuben Brothers – timeline of purchases and developments