Transport for London has appointed the Triangle London Developments JV to bring forward an 80-home mixed-use scheme near London Bridge.
The joint venture of developer U+I and housing association Notting Hill Housing was selected as preferred bidder to deliver work at Landmark Court on Southwark Street.
The scheme, which will include up to 12,000 sq m of commercial, retail and work space, is designed to create a local cultural and social hub.
At least 35 per cent of the site’s new homes will be affordable. Any proposals will also look to maximise outdoor public space and improve walking routes.
Work is expected to start on site in 2019, with completion by 2022.
TfL director of commercial development Graeme Craig said: “We are working with some of the best organisations across London to bring forward a portfolio of sites that will help to create the homes, jobs and work spaces London needs for the future.”
TfL acquired the Landmark Court site more than 25 years ago for the construction of the Jubilee line extension. Since then, it has either been used for operational rail purposes or by commercial tenants.
Since May 2016, TfL has brought sites to market it says will deliver 1,000 homes, 50 per cent of which will be affordable.