The proposal for Shoreditch Village, a mixed-use development site, has been given the go-ahead by Hackney Council.
The committee voted unanimously in favour of the plans, which were also supported by English Heritage, OPEN Shoreditch, and Transport for London.
The space, which runs either side of the Overground viaduct north of Shoreditch High Street station, will be home to a185-bed hotel, a handful of flats and around a dozen retail units. A food market of temporary and semi-permanent stalls will also be housed in the glass and steel buildings that will hide behind listed Georgian facades.
Designed by local practitioners EllisMiller, construction is expected to begin early next year and end in 2015. The project, which the architects describe as “an opportunity to redevelop a damaged part of the city,” measures 150,000 sq ft. The aspirational zeitgeist of Shoreditch will be retained, the designers assure. Planted rooftop gardens and terraces will feature in the urban space, which will combine materials from the local environment.
Shoreditch traders have given the plans a mixed welcome, hoping for higher footfall but fearing an increase in rent prices. Though with the area currently a run-down car park, the promise of redevelopment seems positive.