Chinese property developer Far East Consortium (FEC) will invest more than £36 million to refurbish the Grade II-listed building as well as the Listed Broadway Annexe. Work is expected to start next year.
The development will feature a new arts centre, café, flexible community and events spaces as well as a hotel. In addition, 146 apartments will be delivered (11 to be 'affordable') along with a landscaped Town Hall Square and the creation of a new public space named Town Hall Gardens.
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More than £20m will be invested in essential repair and heritage works to preserve historic parts of the Town Hall, including the council chamber.
Planning approval by Haringey Council follows years of engagement on the proposals with the local community, including discussions between the council and FEC.
John Connolly, Head of UK Development at FEC, said: "The team has worked hard over the course of the year and have sought to reflect the views and interests of local people whilst at the same time ensuring our proposals are realistic and will secure the future of this iconic building in the heart of Crouch End."
Cllr Alan Strickland said: "We've said from the start that we want to see a sustainable scheme that restores and safeguards the architectural heritage of the Town Hall, offers local people access to this much-loved landmark and delivers long-term arts and culture for Crouch Enders and Londoners to enjoy. I'm delighted that we have approved a scheme that will do all that, while also bringing new social rented homes to the heart of Crouch End."
The development is scheduled for completion in 2020.
(LM/MH)
