Hammersmith and Fulham Council has denied that it wants to bulldoze Shepherd's Bush Market, despite the claims of an MP.
MP for Shepherd's Bush Andrew Slaughter said in his online newsletter that 'the market may be bulldozed as part of a council plot' adding: 'It has been earmarked for another of their luxury housing projects.'
Chairman of Shepherd's Bush Market Tenants' Association, James Horada, said he would welcome any improvements made to the market, which is on land owned by TfL.
But he added: "If tenants or backers have to close down for a period of time, then we'd want to know how much time we would have to close down for.
"The trouble is, to do any improvements is probably going to mean construction. There are people who won't be able to close up for a long time. It's not realistic."
Cabinet member for strategy Cllr Mark Loveday said: "We recognise that Shepherd's Bush Market is diverse and vibrant and we're keen to retain, improve and potentially expand it.
"We will be consulting with residents and businesses about the potential for the regeneration of Shepherd's Bush town centre in March, as part of the local development framework."
Meanwhile, a planning application is about to be submitted to H&F Council for a 0.6-acre patch of land next to the market, on Pennard Road.
Housing association Octavia Housing bought it at a discount as part of a planning deal which allowed the Westfield Shopping Centre to be built.
A laundry was once on the site, which has now been demolished.
But the council say the site should be redeveloped with the market, rather than separately.
Cllr Loveday added: "We are aware that Octavia Housing, as a key landowner in the Shepherd's Bush area, has ambitions to create a new housing development adjacent to the market and, if it does put forward a planning application we will consider it on its merits.
"However, as Octavia know, we also believe there could be wider regenerative benefits if the land was considered together with the market, rather than as a separate site."
A spokeswoman for Octavia said it will apply for planning permission in the near future for a block of 40 flats.