A huge new village and market will soon be coming to East London with hundreds of new homes and 500 jobs.
Work on the new town at Chrisp Street Market in Tower Hamlets began on December 3, with the scheme expected to cost over £300 million.
The market’s developers, Telford Homes, say it will bring a huge range of entertainment, shopping and leisure to residents in Poplar.
Under the plans, most of the buildings on the historic Chrisp Street will be demolished, apart from the clock tower and the Festival of Britain Building.
The old flats on the street and beyond will be replaced by 600 new homes.
Chrisp Street has been the town centre of Poplar since the 19th century, and the current market was built in 1951 as part of the Festival of Britain.
The plans would improve spaces for market stalls and pedestrian areas surrounding it, say developers.
The new town centre will also include a new cinema, cafés and restaurants, offices and dozens of new shops.
Poplar’s new town centre is not expected to be completed until 2027 and developers say it will create 500 jobs for the community.
The market has been designed by architect Frederick Gibbard and is now being built by developers Telford Homes.
Jerome Geoghegan, land & planning director for Telford Homes, said that the plans would be a great addition to the East London town.
He said: “This really is a truly exciting scheme – one that delivers a new destination for east London that we hope the local community in Poplar will be proud of.
“Alongside a number of much-needed and new affordable homes, we will also be delivering the leisure, entertainment, shopping, dining and community facilities that residents in the local area have been asking for.
“Alongside this, we are providing vital upgrades to the current market, creating a better working environment for our market traders, while also delivering hundreds of new jobs which will provide a significant boost to the local economy.”
Tower Hamlets mayor John Biggs also welcomed the Chrisp Street Plans, saying: “This exciting milestone marks the start of the Chrisp Street regeneration, which will bring investment, new homes, shops and business units, plus community facilities to the area.”