Plans by Emrys Architects will transform the building into a mixed-use destination comprising 39 serviced apartment units above retained retail and restaurant space including the famous Sweetings.

Construction is set to start in August 2027 with no contractor yet confirmed for the work.

The scheme has been developed through close engagement with the City of London and heritage stakeholders, ensuring that new designs respect both the architectural integrity of Albert Buildings and its important role within the Bow Lane Conservation Area.

Glyn Emrys at Emrys Architects, said: “Albert Buildings is one of the most distinctive and recognisable Victorian commercial buildings in the City of London. Our approach has been guided by a desire to celebrate the building’s extraordinary architectural character while ensuring it remains relevant, accessible and economically viable for future generations.

“By carefully restoring the historic fabric, rationalising decades of unsympathetic alterations and introducing a sensitive contemporary roof extension, the proposals provide Albert Buildings with a renewed sense of purpose while preserving its important contribution to the City’s townscape.”