The development specialist has submitted plans to Brighton & Hove City Council to secure a 12-month exclusivity period to explore design, funding and management opportunities for the regeneration project.

Boxpark’s plans for the redevelopment of the Victorian arches (pictured above) will include a new hotel operator.

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Roger Wade, founder of Boxpark, said: “As a Brighton and Hove resident, I’m passionate about the regeneration [of our] outstanding seafront.

“Madeira Terrace is the embodiment of the Victorian grandeur that saw Brighton become the UK’s favourite seaside destination.

“We’re looking forward to the opportunity to work with Brighton & Hove City Council, local stakeholders and businesses and our development partners over the next 12 months to explore how we [can] bring the Boxpark concept to Brighton, while retaining the architecture and heritage that our seafront is synonymous with.”