Construction will start in April 2023 on a 35 months build programme

The scheme is located on plots 1 and 11, next to the emerging East Bank of the Queen Elizabeth Olympic Park.

It consists of planned 35- and 14-storey hexagonal towers with blue glazed brick facades, which will provide for 350 homes above a colonade of ground floor commercial and community uses.

The plot 1 building will feature as the tallest tower in the planned Internation Quarter London cluster.

Park Place building sits on the left of the IQL group of buildings

Designed by Alison Brook Architects with support from engineer Aecom, it will feature stepped massing to create ‘park ledges’ that climb the towers in a spiralling movement.

Their bespoke ultramarine blue-glazed terra-cotta and brick cladding references the porcelain industry that once thrived in Stratford.

The buildings will provide around 50,000 sq ft of flexible retail space at ground level

The City Road Island site is being sold for £239m, subject to Treasury approval and the delivery of the new Oriel eye hospital at St Pancras by 2027.

Derwent said it has appointed architect AHMM alongside a full professional team to draw up plans for a major 750,000+ sq ft campus with extensive public realm and strong environmental credentials.

The 2.5 acre Moorfields Eye Hospital site comes with 400,000 sq ft of existing buildings.

Paul Williams, Chief Executive of Derwent London, said: “We are delighted to have secured such an important central London regeneration opportunity in the heart of the Tech Belt, where we aim to deliver the next generation of distinctive ‘long-life, loose-fit, low carbon’ commercial space.”

Martin Kuper, Chief Executive of Moorfields Eye Hospital NHS Foundation Trust said: “This is an important step forward for our plans for Oriel, a new eye care, research and education centre.

“The sale of our City Road Island, which is conditional on Treasury approval of Oriel, is a key element of our funding strategy.

“All proceeds will be reinvested in the new centre to secure the long-term future of world-leading eye care, research and education in a way that represents value for money and benefits our patients. “

The estate regeneration scheme located just south off the Royal London Hospital has been designed by architects PLP and Adjaye Associates.

It will see all existing buildings demolished and replaced with a dozen new buildings ranging from 2-23 storeys over a five-year programme.

Existing estate

Existing buildings will be torn down in a four-phase demolition plan

Rebuild plan

Aerial view of new blocks planned for Whitechapel Estate in the London Borough of Tower Hamlets

The new residential mixed-use neighbourhood will deliver 529 new homes over the course of several phases, totalling around 550,000 sq ft of constructed space around new green spine space.

The homes split includes 311 private homes, 59 affordable rent flats and 159 specialist units.

Block I will be the tallest of the towers at 23 storeys

Planning consent was originally granted in early 2018 but a start to the project was delayed by covid and led to revised plans being submitted that increased its efficiency and enhanced deliverability.

This includes a change to the energy strategy from combined heat and power to an air source heat pump backed by high efficiency natural gas boilers and relocation of the Energy Centre.

Contractors Ardmore and JRL are understood to have been in talks to deliver the project, where enabling works are expected to start this summer.