The developer will start on site at the scheme next year
Hadley Property Group has received planning approval for 473 new homes, including 97 affordable homes, in Walthamstow’s town centre.
Designed by Pollard Thomas Edwards the project will also create public realm the equivalent size of ten tennis courts, new retail space and 788 cycle parking spaces.
Construction is due to start in early 2017 with completion expected in 2019.
The developer will also be contributing £2.6m for improvements to local infrastructure, including healthcare and education provision.
Mark Lebihan, chief operating officer at Hadley Property Group said the firm was delighted to win planning approval.
He added that the new homes would be an “attractive addition to the St James Street area and will be complemented by new public spaces for everyone to enjoy.”