Waterloo's Lower Marsh is one ten areas of London set to benefit from an £80,000 pilot scheme to boost the capital's public spaces launched on Thursday by Ken Livingstone.
The money has been ring-fenced for this year from the Mayor of London's Architecture and Urbanism Unit led by Lord Rogers. Extra funding will come from local organisations who are set to benefit from the projects.
The aim is for the 10 pilot projects announced today to be completed within five years. No timeframe has been set for the more ambitious 100 space target.
Revamping the spaces will include more trees plus improved access and design. Local, cultural and environmental issues are also to be considered.
Lord Rogers said: "By developing a linked network of spaces we can make our city more beautiful, better connected, more sustainable and safer for all our citizens and visitors."
The other pilot projects are Brixton Central Square in Lambeth, Havering's Rainham Town Centre, Victoria Embankment in Westminste, Coulsdon Town Centre, Croydon, Gillett Square in Hackney, Camden's North Euston Road, Lewisham Town Centre, Sloane Square and Exhibition Road, both in Kensington and Chelsea.