Plans for a 25,000 sq.ft dining and leisure destination underneath the old Eurostar Terminal at Waterloo Station have been greenlit by Lambeth Council.
London Continental Railways (LCR), advised by property agent Union Street Partners, has designed the scheme to include eight units for cafes, bars and restaurants.
It will open at Leake Street arches – famous for hosting Banksy’s Cans Festival in 2008.
The tunnel is renowned as one of London’s largest street art walls, and is open for anyone to use as a canvas.
Adrian Lee, development director of LCR said: “We’re excited by this tremendous opportunity to create a new, vibrant restaurant and bar destination which will be designed to protect and work with the unique location that is Leake Street.”
Opening up the arches, which are currently leased as a car park and car wash facility, is the first stage of the regeneration of the former Eurostar terminal. It will eventually be brought back into passenger-use with additional retail space.