A patch of derelict wasteland underneath a railway bridge is set to be transformed into a market, restaurants, homes and offices after an ambitious plan was given approval.

Ham & High: Shoreditch Village is set to be finished in 2015Shoreditch Village is set to be finished in 2015 (Image: Archant)

Shoreditch Village, a 150,000 sq ft development in Shoreditch High Street, was given the green light from a Hackney Council planning committee last week.

The hub of the site is set to be a covered market – selling eclectic wares from Shoreditch and further afield – surrounded by nine restaurants and cafes, as well as shops, specifically targeting underground brands.

Character

In addition, the scheme will house eight new homes, loft-style office space designed to attract technology and start-up companies and boutique hotel chain CitizenM.

The site, which has been mostly derelict since the 1970s, is currently home to some well regarded pop-up restaurants, including Beirut-inspired Yalla Yalla and Argentine grill, Constancia.

Dominic White, one of the private investors who own the site, said: “This project encapsulates Shoreditch’s unique character, providing a new destination for visitors and local residents alike to move to, work, shop, eat or simply enjoy.

“This decision represents a key milestone for this landmark project for the area.

“The site has been part of our families’ history and we are thrilled that Shoreditch Village will now become part of our future.”

Ben Davies, founder of the In Shoreditch business network, said: “We think its fantastic that this corner of Shoreditch is being brought back to life.

“It’s been a fairly rundown car park for some time and while the pop-ups have added interest, this is good news for the area.”

Work is expected to start towards the beginning of next year and the village is set to be completed by the middle of 2015.