A former industrial site in east London is set to be transformed into 3,500 new homes.
The disused Parcelforce depot in Stephenson Street, Canning Town, will boast more than 1,200 affordable homes if a planning application is given the green light.
The 10 hectare site will also include a new school, green space and nearly 30,000 square feet of retail space.
The plans have been announced after the Mayor struck a deal with Berkley Homes.
Boris Johnson said: “This huge chunk of disused land will be put to the best possible use, creating a whole new neighbourhood including 3,500 much-needed new homes, a new school and a park.
“This ambitious development will help to further the continuing transformation of east London as part of our Olympic legacy.”
The proposed development forms part of the Mayor’s drive to release all sites in London under his ownership for development by the end of his mayoral term in 2016.
Berkley Homes was chosen as the developer as part of the London Development Panel procurement process, which was set up to speed up the construction of new homes in London.
Tony Pidgley, chairman of the Berkeley Group, said: “Stephenson Street will be a new village for London.
“It will have all the qualities that a successful community needs: shops, workspaces and a school, links between neighbours, a beautiful park where people can play and great transport connections.
“Above all, this site will create homes for people regardless of their age, background or income. It will be a place for everyone.”
A planning application will be submitted next year with a proposed development start date of early 2017.
It is hoped the first homes would be built by summer 2018.
