Lambeth Council has announced the decision at Streatham Wells in response to concerns about public transport delays.
There’s also concern about anticipated disruption from planned Transport for London works on the A23 starting later this spring.
Deputy Leader Cllr Rezina Chowdhury, cabinet member for Sustainable Lambeth and Clean Air, said:
“We’ve listened to the concerns raised by local people and recognise the major disruption coming as part of transport improvements on the main road running through Streatham. The combination of factors together would cause too much disruption for Lambeth residents.
“We always said that this was a trial, and we would be led by the data and the monitoring report makes it clear that the scheme met our objectives to reduce traffic and road danger.
“Many local people have told us they welcomed the fall in traffic in areas like Valley Road and around Sunnyhill Primary School but equally, there have been delays in bus journeys on the A23 which has had an impact on many residents.
“Suspension will stop more significant delays occurring when the investment in the A23, including new segregated cycle lanes, starts later this spring and allows time for bus priority measures to be implemented all along the A23.
“The investments that TfL and the council are making on the A23 and the Streatham to Peckham healthy route will set the conditions for future changes to make Streatham a clean, vibrant and climate resilient place where people can lead healthier, happier lives.”