Enfield Council has announced the four shortlisted developers for the first 725-home development on its £6bn Meridian Water site.
Galliford Try, L&Q, Peabody and Redrow are the firms in the running to complete the development’s first tranche of housing.
Outline planning consent has already been secured for the site, with enabling works having begun in January 2017.
Known as the Meridian One (pictured), the 725-home development also features new public squares, shops and leisure facilities.
The shortlist is one of the first to have been compiled using the Greater London Authority’s London Development Panel 2 (LDP2).
Launched in August by mayor Sadiq Khan, the 29-strong LDP2 is designed to make it quicker and easier for public landowners to bring forward sites for housing.
Enfield Council revealed in July that it had decided not to seek a single master-developer for the £6bn Meridian Water project, taking overall responsibility for the 10,000-home scheme itself.
The local authority described its decision as a “watershed moment” that would put the scheme “back on track”, adding that its move was “genuinely new for a local authority”.
The decision came after Enfield Council terminated a Barratt / Segro joint venture as the preferred master-developer bidder for the project in October 2017, having labelled the housebuilder’s terms “unacceptable”.
The following month, minutes from a council revealed it had approached reserve bidder Pacific Century Premium Developments (PCPD) in an effort to keep the scheme on track.