Boxpark is set to close its Shoreditch site at the end of this summer - and hopes to give its customers an "unforgettable farewell".
The east London venue, which Boxpark describes as the "world’s first pop-up mall", will shut its doors after 12 years due to the expiration of its lease.
However, Boxpark is also gearing up to open two new London locations in Camden Town and Liverpool Street, set to launch later this year.
Since opening its doors in October 2011, the Shoreditch site has provided a platform for more than 250 independent businesses.
Boxpark also said it has attracted more than 1.25 million visitors per year.
Its closure comes after landlords Bishopsgate Goodsyard secured planning permission to redevelop the 4.5-hectare site into a new residential, retail, and leisure district.
Boxpark Shoreditch was only a temporary occupier of the site during its 12 years.
Now it has reached the expiration of its lease, works will start immediately for the site's development.
Boxpark chief executive Simon Champion said it will return to Shoreditch "as soon as we find the right opportunity" and that it is already talking to stakeholders about a "new offering" for Shoreditch customers.
He said: "Whilst our time in our current site at Shoreditch is coming to an end, we look forward to celebrating all that we have achieved at the venue over the summer.
"In the remaining time we have left in Shoreditch we will work as hard as possible to support our team with the transition and aim to relocate our 30+ tenants and their staff at our other sites, whilst giving all our wonderful customers an unforgettable farewell."
Boxpark claimed the site has supported more than 270 jobs per year.
Besides the new London sites, the company is also making steps to extend their reach outside of the capital with plans to debut in Bristol in 2025.
Boxpark founder Roger Wade said Shoreditch Boxpark's journey has been "unforgettable".
He said: "As we close this chapter, my gratitude goes out to all the dedicated staff and local community for their unwavering support throughout the years."
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