The Crown Estate made headlines when it began the regeneration of London's St James's neighbourhood - after all, as the West End's largest property developer, it manages a portfolio that earns billions for the city. Now it's creating more buzz with its Ground Floor Project, a scheme to bring two landmark St James's buildings into the spotlight.

With support from the non-profit Architecture Foundation, the Crown Estate will commission two cutting-edge designers to create bespoke artworks for the lobbies at 12 Charles II Street and 11 Waterloo Place, gracious, centuries-old buildings intertwined with London's history of fine tailoring and craftsmanship. Shortlisted for the scheme are innovative practices Formafantasma, Simon Hasan, Lola Lely, Philippe Malouin, RCKa and Faye Toogood.

A panel of judges - including Wallpaper* Editor-in-Chief Tony Chambers - will choose the winners in early 2014. The subsequent designs will draw from the traditions of making in the historic neighbourhood.