The 120,000 square feet scheme will have shops at ground floor level as well as a large reception area. Crossrail said in a statement that the scheme has been designed to create a "well-proportioned backdrop" to the listed Smithfield Market which is located opposite the station.
When Crossrail begins to operate in 2018, Farringdon station will become a major interchange to Crossrail, Thameslink and London Underground services and 140 trains per hour will pass through the station.
Crossrail and development partner Cardinal Lysander Group last year submitted plans for a further office development to sit above the station's western ticket hall.
“Crossrail will help transform Farringdon into one of London’s biggest transport interchanges and a destination in its own right," said Crossrail land and property director Ian Lindsay. "The Lindsey Street scheme offers another significant development for Farringdon, creating high-quality commercial space above the world-class new transport links Crossrail will bring the City of London.”
Crossrail has so far secured planning permission for nearly 1 million sq ft of developments along the Crossrail route, including at Bond Street station and Tottenham Court Road station. It said it plans a total of 3m sq ft of over-site developments, with further planning applications to be submitted later this year.
