Plans have been submitted to create a public square off Shoreditch High Street as part of a major project known as Shoreditch Village.
Developer Brockton Capital, which bought into the scheme last year, wants to build offices and retail units on the land and put a street market on the pedestrianised space.
To do so, it is asking Hackney council for permission to knock down one building in Anning Street and the back of two others in Shoreditch High Street, one of which is Grade-II listed.
The first phase of the Shoreditch Village scheme, which straddles the London Overground viaduct, saw the 10-storey Citizen M hotel built, along with eight flats and commercial buildings.
Councillors will vote on the plans, which have been given the green light by officers, on Monday.
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