Lambeth Council has this week issued an Official Journal of the European Union (OJEU) Design Team Contest Notice to find a design team for the regeneration of Lower Marsh in Waterloo.
The council says that the Lower Marsh regeneration project, worth more than £2 million, will focus on a programme of physical improvements to the street which will enhance its appeal to pedestrians, boost local trade and improve links with the South Bank.
This project runs in parallel with the plan announced last month to outsource the management of the street market to a commercial operator.
"Once it is complete, visitors will benefit from de-cluttered footways and a more attractive street environment, better lighting, tree planting, easier pedestrian access and thriving and vibrant market and commercial centre.
"This is a tremendously exciting project and the potential is enormous. Lambeth Council has been engaged in a range of regeneration schemes over the past few years, and the improvements to Lower Marsh will complement the fantastic improvements already seen to The Cut, as well as other regeneration schemes in Lambeth, such as Waterloo City Square, and the improvements around Herne Hill junction."
The project is being funded through the pooling of section 106 contributions from nearby developments that have taken place over recent years.
• Details of the competitive tender are available on this page