Nobody said shabby chic should be cheap!
Whatever you think of the aesthetics, a table like that will be a lot of weight bearing on a very small area of the floor, resulting in heavily marked (ruined?) carpet or other flooring and possibly rust stains (try keeping paint on the underside of those brackets!). And if it's as heavy as it appears, good luck with moving it about.
Ironically, it doesn't look very stable either as the base is too narrow. If you look at most refectory table designs, the feet extend close to the edges of the top for that reason. The considerable weight only helps if the centre of gravity is low enough, and in this case...
If you really must do it, try a mock-up first, if necessary scaled down.
I like good industrial design, but, although that has a certain style, it looks horribly impractical.
E.