Henderson Global Investors has submitted a planning application for the £160m regeneration of Smithfield Quarter in London, UK.
Designed by John McAslan + Partners, the scheme will regenerate the former general market, fish market, Red House buildings, annex building and engine house.
Ground floors of the general market, fish market, Red House and old engine house will feature restaurants and shops.
Plans also include a two part piazza below the three office pavilions within the general market building.
Henderson said that the majority of the Victorian perimeter of the general market, and the entire fish market and the old engine house, will be retained and receive restoration and refurbishment.
As per the plans, the existing buildings will be redeveloped to feature pavilions of office space to the central area of the general market.
The ground floor of the annex building will feature restaurants and shops located within the retained and restored fish market, arranged on either side of the existing passage.
The storage area located between the Red House and the old fish market will be replaced with 230,000 ft² of new office space arranged over six upper floors.
The ground floor of the former engine house will feature a small retail unit within the restored facade, with half a storey of plant on the roof with louvre surrounds.
Henderson director of property development Geoff Harris said the proposals for the revitalisation of Smithfield Quarter will improve the public amenity, infrastructure and physical structure at Smithfield.
"It represents a significant investment in growth and regeneration and will create a much livelier and active social and public space for Smithfield and the wider city," Harris said.
"The retail and office space on offer will provide a significant step forward for the wider regeneration of the Farringdon area."
Henderson said it has worked with English Heritage and with planners at the City of London Corporation to develop the proposals over the last two years.
The proposed development is close to the Crossrail station at Farringdon, which is scheduled to open in 2018.
Image: As per the scheme, Red House buildings in the Smithfield Quarter will be regenerated. Photo: DarTar.