The Woodberry Down Estate in Hackney was partially built in the 1940s and has been in need of redevelopment for many years.
The regeneration of the estate began in 2005, and Berkeley Homes has already built 862 new homes. A further 180 homes are currently under construction.
The developer won outline approval for the demolition of existing, run-down buildings and structures at the Woodberry Down estate, near Finsbury Park, to provide up to 3,242 houses and more than 10,000 sq metres of office & retail floorspace.
Following the recommendation of Hackney planning officers of the scheme as "vital for the area", the Mayor of London has approved the next seven phases of the Woodberry Down Masterplan.
The masterplan for the Woodberry Down regeneration project will deliver 4,284 homes, of which 2,214 will be affordable, with 60 per cent for affordable rent and 40 per cent intermediate.
There are already 862 built homes on the site and Berkeley Homes is currently constructing a further 180.
Stewart Murray, assistant director of planning at the mayor of London’s office, said: "This is one of the biggest estate renewal schemes in the capital and will provide a boost to Hackney by delivering much needed new homes and infrastructure."
Photo Source: Construction Enquirer