Plans for the redevelopment of Greenwich Market in London have been approved by the UK Government.
Designed by UK-based Hopkins Architects, the revamp includes a 99-bedroom boutique hotel, which has been scaled down in size from earlier plans, which were refused by Greenwich Council in August 2010.
At the time, the council said that the revamp was "out of keeping with character of the West Greenwich conservation area."
The project will provide office space and replace the market's canopy with a glass roof, but keep the original structure.
The redevelopment scheme will also retain the market's roof and historic cobbles.
Work is expected to begin in 2013, according to BBC.