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Israeli billionaire Teddy Sagi has been gradually assembling the most significant sections of London's eclectic Camden Market — a number of interconnected retail markets — in pursuance of transforming its colourful and narrow corridors into a mixed-use destination. Though there are clear worries among the popular market's frequent patrons that the redevelopment essentially bites the hand that feeds it, with the danger of the area possibly losing its iconic charm, Sagi-owned developer Market Tech is moving ahead on a contemporary reimagining of the space that he says will improve access to the market and its canalside features.
Currently under construction with a design by Allford Hall Monaghan Morris Architects, the development will contain 195 residential units, offices, new public spaces, an art-house cinema, a primary school, and a surfeit of cafes and restaurants all set among the existing railway viaducts. A number of new pedestrian routes aim to enhance the connectivity of the site, while two refurbished buildings keep the historic character of the neighbourhood intact.
Advertised as a "platform for the new, experimental and experiential," the 580,000-square-foot development is substantially underway, remaking the old Canal Market into Hawley Wharf. A six-storey market at the heart of the district will bring together artisan retailers, brands from the United Kingdom, and globally known names.
The latest images from the site show a ballet of cranes dancing above the brick warehouses that have long supported the neighbourhood's bohemian atmosphere. These visible stages of development are expected to be completed in 2018.
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