Mactaggart Family and Partners has received planning permission from the City of London to begin work on The Resident Farringdon, a 128-room hotel which is due to open in 2027.
Resident Farringdon will be Mactaggart’s fifth london site, and will take the group to a total portfolio of seven properties across the UK.
The hotel has been designed by EPR Architects, with a focus on creating a “highly” sustainable building.
Situated at 1-8 Long Lane, the property will have easy access to the Barbican, Smithfield and Farringdon neighbourhoods.
From 2026 the area will also be home to the London Museum, as part of the Smithfield General Market regeneration.
William Laxton, CEO of Mactaggart Family and Partners, said: “We are thrilled with the consent for The Resident Farringdon and with the opportunity to contribute to this growing and thriving location. It is so important to us to be able to maximise this site’s potential with a modern, high-quality hotel, which is also as sustainable as possible.
“The Resident Farringdon will offer guests a home-from-home experience, from which they can explore this thriving neighbourhood, with bars, restaurants, galleries, museums and performance venues only steps away, all activated by some of the best infrastructure in Europe in the form of the Elizabeth Line at Farringdon East.”
The Resident Farringdon will feature third party operated restaurant, cafe and retail spaces at ground level and a pocket garden for guests and the public to enjoy.
In keeping with the rest of The Resident portfolio, the Mactaggart “purposely forgoes” its own formal bar or restaurant, but has a library lounge.