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.
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.
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.