Taylor Wimpey and L&Q housing association have been appointed to build the first of five new neighbourhoods on the Olympic Park.
The 870 homes at Chobham Manor - sitting between the Athletes’ Village and the Lee Valley VeloPark, currently where the Basketball Arena is - will include more than 75 per cent family housing.
It will re-use infrastructure built for London 2012 Games, such as the heating and telecoms networks, and fibre optic broadband.
The appointment is the second major housing announcement in as many months for Queen Elizabeth Olympic Park. Last month the Legacy Corporation also secured outline planning approval to build 6,800 homes across five new neighbourhoods including Chobham Manor. They will be developed over the next 20 years.
Chobham Manor is set to begin in October once the Legacy Corporation takes operational control of the park. It aims to have first homes ready by the end of 2014.
The Mayor of London Boris Johnson said: “With the incredible energy of London 2012 captivating audiences across the world, the long-term legacy of the Olympic Park is quietly going from strength to strength. The development of Chobham Manor is major milestone and will help ensure a thriving community on the Park becomes a reality sooner rather than later.”
Pete Redfern, group chief executive of Taylor Wimpey, said: “Chobham Manor will see us work with LLDC and L&Q to create a brand new community, providing east London with much needed family homes, facilities and supporting infrastructure. Built to the highest quality with exemplar design, the development is a high profile opportunity to provide new homes for Londoners and meeting the needs of local people both now and into the future will be key.
Daniel Moylan, chairman of the London Legacy Development Corporation, said: “The calibre of bidders was very high and testament to the commercial pull of Queen Elizabeth Olympic Park.”
David Montague, chief executive of L&Q, said: “Our plans for Chobham Manor will help to ensure that there is a strong legacy of quality housing for Stratford following the Games, which will include affordable homes available to local families to rent or buy.”
Chobham Manor will sit adjacent to the Athletes’ Village which will be converted into 2,800 flats after the 2012 Games, with the Legacy Corporation aiming for 35 per cent affordable housing in total across the Park.