Crossrail has secured approval from Camden Council in the UK to develop 30,000ft² of residential scheme in Holborn, designed by the architectural firm HOK.
Post completion, the eight-storey development will feature 22 one, two and three-bedroom apartments.
The development will be situated above the Fisher Street shaft, a single-storey structure that provides access and ventilation to the below ground Crossrail tunnels.
Crossrail will seek a development partner for the site in the first half of 2014.
Crossrail land and property director Ian Lindsay said the development above the Fisher Street site is part of the company’s strategy to regenerate areas all along the line.
"It should be an attractive site for developers and ultimately a very attractive place to live in the middle of one of the world’s greatest cities," Lindsay added.
The Fisher Street scheme is one of the various over-site developments Crossrail is delivering, as detailed in the Driving London Development brochure.
The Fisher Street scheme will feature two bedroom units and a mix of small and larger flats.
As per the plans, the top two floors will feature duplex apartments with private roof terraces and the lower two floors will house duplex apartments with an external roof garden.
Construction work is anticipated to start in 2017.
Crossrail said it plans to procure development partners at Fisher Street and other sites where collaboration agreements are not yet in place, including Tottenham Court Road (West), Lindsey Street in Farringdon (East), Woolwich and Limmo.
The total funding available to deliver Crossrail is £14.8bn and the project will run over 100km from Maidenhead and Heathrow in the west, via new twin-bore 21km tunnels under central London, to Shenfield and Abbey Wood in the east.
A total of 3 million ft² of office, retail and residential space is planned above new Crossrail stations and sites.
Image: Fisher Street Development’s view from west side of Red Lion Square. Photo: Courtesy of Crossrail.