The 40,000 sq ft space incorporating seven railway arches and open space between Union Street, O'Meara Street and Southwark Street in London, will include permanent bars and restaurants as well as seven fully-equipped kitchens for independent traders and space for three food trucks.
Confirmed businesses are Portuguese tapas and wine bar Bar Duoro, run by chef Tiago Santos and Max Graham; Patricia Trijbits' first permanent pancake restaurant Where The Pancakes Are and The Bar at Flat Iron Square.
The site also includes restored Georgian townhouse Devonshire House, which will house a cocktail bar, exhibition space and private dining rooms with the front of the building housing Trapeze, a restaurant run by the Cooking Collective and serving all-day Californian brunch.
Lovett's new live music venue OMEARA will complete the line-up and will host talks, comedy, burlesque, magic and indie club nights as well as live music events.
Developer Benj Scrimgeour, who has curated the space, said: “I want Londoners to be able to come to a place with a mix of great music, artisan food and bars, with a vibe of European urban outdoor markets and squares. A space that will keep evolving and visitors keep discovering. It is a large site so we are able to explore many things. We are looking at arts ideas and bringing in a flea market with vintage clothing and other interesting stalls."
Scrimgeour ran a mushroom farm in the railway arches before they were refurbished by landlord Network Rail.
"It is a fortunate and happy coincidence I am able to open them up again for a new venture," he said.