Landowner The Estate Office Shoreditch has unveiled proposals to replace the existing petrol filling station and fast-food restaurant at 241 City Road with two residential buildings.
The scheme would deliver up to 400 homes for rent, including affordable housing, with the taller block rising to around 40 storeys.
A second building would step down to between six and 10 storeys towards Wharf Road, responding to the lower-rise buildings surrounding the site.
Both buildings would be linked by a podium containing commercial and community space.
Architect PRP is designing the scheme, with DP9 acting as planning consultant and Kanda leading consultation.
The 241 City Road site sits close to the City Road Basin tall-building cluster, where neighbouring towers include the 42-storey Carrara Tower, 36-storey Valencia Tower and 31-storey Canaletto Tower.
The development would also include landscaped terraces, new planting, public spaces and play areas, alongside extensive cycle parking and sustainable drainage measures.
Plans envisage a car-free development with active ground-floor uses including retail space at the City Road corner and a separate community space towards Micawber Street.
The Estate Office Shoreditch has owned property around Shoreditch since 1966 and develops and manages residential, workspace, retail and leisure property.
Public consultation is now underway ahead of a planned application later this year.
The project team is targeting a planning decision in 2027, with construction currently pencilled in to start in 2029.


