"Mercato Metropolitano, which has operated from a former paper-making factory in Elephant & Castle for nine years, is to be demolished after plans for the Borough Triangle development were approved by Southwark councillors in March. The housing scheme will see almost 900 homes built in tower blocks up to 44 storeys high. A spokesperson for the market, which has 40 independent traders, said "despite recent incorrect speculation" the market remained open, adding that it had "lots more exciting things to look forward to" next year."
"The LDRS understands the market will continue trading as usual throughout next year, and further announcements about the site's future are expected early next year. Southwark Council Berkeley Homes, which won approval to develop the site, previously said there would be an opportunity for up to 12 traders to relocate to a temporary nearby location while the scheme is under construction. According to Southwark Council planning documents, Berkeley Homes has committed to providing the remaining stall holders with a relocation package."
Mercato Metropolitano in Elephant & Castle will remain open until late 2026 while plans for the Borough Triangle development proceed. The market has operated from a former paper-making factory for nine years and houses 40 independent traders. The approved housing scheme would deliver almost 900 homes in towers up to 44 storeys and include 35% affordable housing. Berkeley Homes, the developer, has said up to 12 traders could relocate temporarily and has committed to a relocation package for remaining stall holders. Proposals also include a new office block, flexible cafe or retail space, a community centre for a Latin American group, and 1,780 square metres of public space.
Read at www.bbc.com
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