Camden Market: Difference between revisions

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{{Short description|Retail markets located in London, England}}
{{Use British English|date=October 2016}}
{{Use dmy dates|date=April 2020}}
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The '''Camden markets<!--markets with lower-case "m"-->''' are a number of adjoining large retail markets, often collectively referred to as '''Camden Market''' or '''Camden Lock''', located in the historic former [[Pickfords]] stables, in [[Camden Town]], [[London]]. It is situated north of the Hampstead Road [[Lock (water transport)|Lock]] of the [[Regent's Canal]] (popularly referred to as [[Camden Lock]]). Famed for their cosmopolitan image, products sold on the stalls include crafts, clothing, [[bric-a-brac]], and [[fast food]]. It is the fourth-most popular visitor attraction in London, attracting approximately 250,000 people each week.<ref>{{cite news | url = http://news.independent.co.uk/uk/transport/article93042.ece | title = Crashes and near misses could derail the privatised Tube | work = news.independent.co.uk | publisher = The Independent |author=More for less | date = 26 October 2003 | access-date = 27 October 2008 | location = London | url-status = dead |archive-url=https://web.archive.org/web/20071226141531/http://news.independent.co.uk/uk/transport/article93042.ece |archive-date=26 December 2007}}</ref>
 
A small local foodstuffs market has operated in Inverness Street in Camden Town since the beginning of the 20th century, the only significant market in the area. On 30 March 1974 a small weekly crafts market that operated every Sunday near Camden Lock developed into a large complex of markets.<ref>{{cite web | urltitle=The Early Years | publisher=Camden Market | date=Jan 20, 2016 | url=https://www.camdenmarket.com/journal/the-early-years | title archive-url= The https://web.archive.org/web/20190711191741/https://www.camdenmarket.com/journal/the-early -years | accessarchive-date =Jul 11 July, 2019 | url-status=live}}</ref> The markets, originally temporary stalls only, extended to a mixture of [[market stall|stalls]] and fixed premises. The traditional Inverness Street market started losing stalls once local [[supermarket]]s opened; by mid-2013 all the original stalls had gone, being replaced by stalls similar to those of the other markets, including fast food but not produce.
 
The markets originally operated on Sundays only, which continues to be the main trading day. Opening later extended to Saturdays for most of the market. A number of traders, mainly those in fixed premises—an increasing proportion—operate throughout the week, although the weekend remains the peak period.
 
Since 2014 most of the markets were acquired by Israeli billionaire [[Teddy Sagi]],<ref name=Globes/> who heavily developed them from stalls set up for the day to permanent structures. In 2022 theySagi's company LabTech<ref name=forbes>{{cite web | title=Teddy Sagi profile| website=Forbes| url=https://www.forbes.com/profile/teddy-sagi/ | access-date=11 November 2023}}</ref> were offered them for sale, the owner hoping for a price of around £1.5 billion.<ref name=forsale/><ref name=forsalet/> Status was not known {{As of|2023|9|lc=y}}.<ref name=rowlinson>{{cite news| title=New homes are part of Camden Town's revamp|first=Liz|last=Rowlinson| newspaper=Financial Times | date=27 September 2023 | url=https://www.ft.com/content/224c11c4-4038-41d5-9438-aa5019f3a53b}}</ref>
 
== The markets ==
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=== Stables Market ===
The Stables Market was owned by [[Bebo Kobo]], [[Richard Caring]] and Elliot Bernerd of Chelsfield Partners until 2014. It was sold in 2014 for $685&nbsp;million and is owned today byto Market Tech PLC, a UK AIM listed public company, later named LabTech.<ref name=forbes/> The market is located in the historic former [[Pickfords]] stables and Grade II [[Listed building|listed]]<ref>{{NHLE |num=1258100 |desc=Horse hospital with ramps and boundary wall|access-date=31 October 2012}}</ref> horse hospital which served the horses pulling Pickford's distribution vans and barges along the canal. Many of the stalls and shops are set in large arches in railway viaducts.
 
Chain stores are not permitted and trade is provided by a mixture of small enclosed and outdoor shops and stalls, of which some are permanent, and others hired by the day. In common with most of the other Camden markets the Stables Market has many clothes stalls. It is also the main focus for furniture in the markets. Household goods, decorative, ethnically-influenced items, and second-hand items or 20th-century antiques, many of them hand-crafted, are among the wares. There are also clothing and art pieces for alternative sub-cultures, such as [[Goth subculture|goths]] and [[cybergoth]]s. These shops include Black Rose, which caters for goths, with items such as coffin-shaped handbags, and [[Cyberdog (shop)|Cyberdog]], which houses much cyber-style "neon" [[Polyvinyl chloride|PVC]] and rubber clothing.
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=== Hawley Wharf, previously Canal Market and Camden Lock Village ===
[[File:Camden canal market 2009.png|thumb|The view of the Camden Lock Village from the bridge over [[Regent's Canal]] prior to redevelopment]]
Owned by Bebo Kobo and [[OD Kobo]], Camden Lock Village was the section along the canal to the east of [[Chalk Farm Road]] was known as the Canal Market and had a covered entrance tunnel leading into a general outdoor market. The market was devastated by fire on 9 February 2008 caused by unauthorised use of a liquified petroleum gas heater.<ref>{{cite news |url=http://www.thecnj.com/camden/2008/072408/news072408_02.html?headline=Market_traders_were_warned_on_danger_heaters |title=Market traders were warned on danger heaters |work=Camden New Journal |date=24 July 2008}}</ref> After crossing the railway line, the fire badly damaged the rear of the Hawley Arms on Castlehaven Road.<ref>[http://www.thelondonpaper.com/galleries/hawley/ The Hawley Arms [[pub]] in Camden&nbsp;– before the fire destroyed it (thelondonpaper)] {{webarchive|url=https://web.archive.org/web/20080214174432/http://www.thelondonpaper.com/galleries/hawley/ |date=14 February 2008 }}</ref> The market reopened in May 2009 as the Camden Lock Village.<ref>{{cite web | url = http://www.camdenlock.net/canmarket/ | title = camden lock village |year=2009 | publisher = Best Of Camden Ltd | access-date = 27 May 2009}}</ref> The cover over the original street entrance was removed, and a new entrance created near the railway bridge.
 
The market closed in early 2015, to be redeveloped over several years at a cost exceeding £500m as Hawley Wharf.<ref>{{cite web|url=https://www.camdennewjournal.co.uk/article/camden-market-closes-hawley-wharf-development-begins|url-status=live|title=Market closes down as Hawley Wharf development project begins|date=28 January 2015|author=Alina Polianskaya|work=[[Camden New Journal]]|archive-url=https://web.archive.org/web/20150923200124/http://www.camdennewjournal.com/camden-market-closes-hawley-wharf-development-begins|archive-date=23 September 2015}}</ref> The stalls were replaced by a four-storey covered structure, with units housing sixty fast-food providers, 150 shops, and co-working offices. The development also provided 200 homes. Hawley Wharf's sites started opening in 2021.<ref>{{Cite news |title=New Hawley Wharf market site almost ready to open, but with less retail |last=Carrier |first=Dan |newspaper=Camden New Journal |date=7 May 2021 |url= https://www.camdennewjournal.co.uk/article/new-hawley-wharf-market-site-almost-ready-to-open-but-with-less-retail}}</ref>
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The Buck Street Market was an outdoor market focusing on clothes. There is no formal or legal definition of Camden Market; the Buck Street Market's sign read 'The Camden Market'. A few stallholders designed their own wares, while at the weekend these designs were more likely to be found in the Electric Ballroom market.
 
The market closed in its existing form, initially during later postponed plans to rebuild [[Camden Town tube station]].<ref>{{cite web|url=http://camdennewjournal.com/article/end-of-an-era-as-camden-town-market-finally-closes-down|title=End of an era as Camden Town market finally closes down|date=16 September 2019|access-date=16 January 2020|work=[[Camden New Journal]]|first=Dan|last=Carrier}}</ref> It reopened as a multi-floor structure.
 
=== Electric Ballroom ===
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The markets were originally a collection of stalls on land with various owners, evolving into a {{convert|16|acre|order=flip|adj=on}} patchwork of more than 1,000 stalls, bars, shops, and cafes.
 
In 2014, Israeli billionaire [[Teddy Sagi]] started buying property in the Camden Market area.<ref name=Globes>{{cite news|title=Teddy Sagi buys more Camden Market properties|url=http://www.globes.co.il/en/article-teddy-sagi-buys-more-camden-market-properties-1001015303|access-date=22 April 2015|work=Globes|date=3 March 2015}}</ref> By March 2015, having purchased the four most important of the six sections of the market, he announced plans to invest £300&nbsp;million in developing the market area by 2018. The markets, initially a collection of simple stalls plus the Stables building, were heavily developed with permanent structures. In 2022 they were offered for sale with [[investment bank]] [[Rothschild & Co]] overseeing the sale process, the owner hoping for a price of around £1.5 billion for the markets plus housing, co-working spaces, {{Convert|35000|sqft|order=flip|adj=on}}<ref name=forsale>{{Cite news |title=London's iconic Camden Market put up for sale |author=<!--not stated--> |website=BBC News |date=4 June 2022 |url= https://www.bbc.co.uk/news/business-61680387}}</ref><ref name=forsalet>{{Cite news|url=https://www.ft.com/content/b4b9b680-c0e2-4544-8ee3-fde732058506|title=London's Camden Market owner sets out stall for £1.5bn sale|newspaper=The Telegraph|date=2 June 2022|url-access=subscription}}</ref> and a three-floor leisure centre called Babylon Park.<ref>{{Cite news |title=New family entertainment leisure offer heading for Camden Market Hawley Wharf |author=<!--not stated--> |work=Retail Destination |date=15 March 2022 |url= https://www.retaildestination.co.uk/new-family-entertainment-leisure-offer-heading-for-camden-market-hawley-wharf/}}</ref> Status was not known {{As of|2023|9|lc=y}}.<ref name=rowlinson/>
 
==See also==
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[[Category:Camden Town]]
[[Category:Tourist attractions in the London Borough of Camden]]
[[Category:Burned buildings and structures in the United Kingdom]]