The English Cities Fund has submitted plans for a £180m mixed-use development in Canning Town, east London that will also see the revitalisation of a historic market.

The 680,000 sq ft scheme, which includes a 21-storey building and around 650 homes, will be one of the first sites to be developed within the overall masterplan for Canning Town.

The £180m project aims to regenerate the Rathbone Market site on Barking Road in the borough of Newham. Though it used to be a thriving focal point for Canning Town and the surrounding area, it has since fallen into decline.

The fund - a joint venture between Muse Developments, English Partnerships and Legal & General - has submitted a planning application for the redevelopment of the Rathbone Market site to the London Thames Gateway Development Corporation (LTGDC).

Architects CZWG will be displaying information about the scheme at the Thames Gateway Forum this Wednesday and Thursday.

Andrew Daws, a partner at CZWG, and the project’s architect, said: ‘It will provide Canning Town with a new urban destination and bring the historic market back to life. It will attract new residents, and re-energise the streets.

‘Our ambition is to change Canning Town’s identity with vivid and exciting architecture, and create a modern, vibrant piece of city.’

The plans, which have been developed in consultation with the local community, the London Borough of Newham, planning authority the LTGDC, and the strategic planning authority the GLA, will also include:

  • A new market square at the heart of the development, helping to reinvigorate a once thriving east London market.
  • Around 49,000 sq ft of shops and cafes that will wrap around the ground floors of the development and border the market square.
  • A new council ‘front office’ facility including a new library, local service centre and other community facilities.
  • Improvements to the local environment, including improved links between Canning Town Station and the market, and the addition of attractive, landscaped open spaces.