Building working on the next phase of new homes on the Greenwich Peninsula will get underway in the autumn, it has been announced.
Up to 1,350 new homes are expected to be built by the end of 2015, including many affordable homes. The scheme will be delivered by Lend Lease and Quintain Estate.
Overall plans for the 190 acre site, includes the construction of approximately 10,000 new homes, student housing as well as business and leisure space.
The scheme has been a long time in the making with outline planning consent for the project awarded by Greenwich council ten years ago.
Aside from creating much needed new homes in London, the large-scale development is expected to provide a boost for the city's economy and create thousands of new jobs.
Mayor Johnson said: "The transformation of Greenwich Peninsula is undoubtedly one of the most exciting development opportunities in London.
"This latest phase of regeneration will seal its future as a thriving, well-connected new district, combining vibrant new residential areas and fantastic leisure facilities."
Rebecca Worthington of Quintain Estates and Development added: "We are delighted to have worked with our partners to unlock the residential element of the scheme and look forward to starting the construction of new homes with unbeatable views of the Canary Wharf skyline later this year."