Time Out Market London will take over the building many will remember as being home to Tower Records in the 1980s
A new food market is opening on one of London’s most famous streets in 2028. The first Time Out Market in the capital will be opening in the heart of the West End on Piccadilly in 2028.
The deal has been struck to open the venue at The Crown Estate’s 10 Piccadilly development, overlooking Piccadilly Circus. The Grade II listed building, which completes the iconic Regent Street curve, was home to the original Swan & Edgar department store and then home to Tower Records in the 1980s.
Time Out is becomingly increasingly known for its food markets in major cities around the world, since first opening in Lisbon in 2014. It now operates 13 Time Out Markets globally – including in Barcelona, Cape Town, New York and Vancouver.
It said it now plans to open the London site – which will include roughly 15 restaurants, bars and food businesses – in the summer of 2028. The company added that the site will also have a programme of live entertainment and cultural experiences.
The Crown Estate said in July the refurbishment of 10 Piccadilly will deliver 26,400 sq ft hospitality destination across the ground, basement and first floors. This is understood to be the space the Time Out Market will be taking over. There will also be 62,700 sq ft of prime office space and a further 1,700 sq ft of retail space on Regent Street.
Kristy Lansdown, Managing Director of Development at The Crown Estate, said: “These developments mark the next step in our long-term vision for the West End, redeveloping historic buildings to reinvigorate an equally historic place.
“Our ambition is to shape a destination that continues to attract world-class businesses and visitors, while strengthening the city’s future resilience. Through long-term planning and investment, we are working to deliver a West End that will thrive for generations to come.”
The proposed London opening comes after lengthy efforts to open a market in the city. It withdrew from initial plans to open near Waterloo in 2021 and also scrapped plans for a site near Spitalfields shortly after, amid disruption from the Covid-19 pandemic and planning issues.
The group is also developing new venues in Delhi, Abu Dhabi, Sao Paulo, Prague and Riyadh. Chris Ohlund, chief executive of Time Out Group, said: “Securing this partnership with The Crown Estate to create our global flagship in the heart of Piccadilly Circus is one of the most significant milestones in Time Out’s nearly 60-year history.
“Bringing the globally recognised Time Out Market concept home to London is both a celebration of where we began and a statement of where we are going.
“London is one of the world’s greatest cities for food and culture, and there is no better location than Piccadilly Circus to showcase everything that makes it extraordinary.”
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