The colourful heart of the Rathbone Market redevelopment is set to be unveiled next year, its developers have announced.

Newham Recorder: A computer generated image of phase two of the Rathbone Market developmentA computer generated image of phase two of the Rathbone Market development (Image: Archant)

The second phase in the £180billion Canning Town regeneration, named “Aurelia”, aims to “bring people up and into the development” from the A13 underpass and offer a “robust setting for the activities of the market”.

Designed by CZWG Architects, this second phase will offer 123 private homes and a further 42 homes for shared ownership through Notting Hill Housing and will be unveiled by housing investment quango the English Cities Fund early next year.

There will also be facilities for market traders, retail units and community spaces, designed to “supplement the market activities.”

Adam West, partner at CZWG, said the glazed terracotta finishing to the three buildings will be “bringing a hint of Mediterranean sunshine to Canning Town on even the gloomiest of days.”

Rathbone Market is one of a number of projects aimed at regenerating Canning Town and Custom House as part of a £3.7billion investment.

Over the next 10 years, 10,000 new homes and 5,000 new jobs are due to be delivered to the area.

Duncan Cumberland, Development Director for English Cities Fund, added: “Rathbone Market is an enormously important development not only for the people of Canning Town but for the whole of the East End. Together, we’re creating an attractive and vibrant new town centre which will improve life for those who live here.