The teams in contention for the project at the King’s Crescent Estate are led by housing associations North British, Circle 33 and the Peabody Trust.
North British has architect John Thompson & Partners and Wimpey on board and Circle 33 has architect Levitt Bernstein Associates and contractor Willmott Dixon on its team. A Peabody spokesperson said it was too early to confirm the members of its team.
The three teams were picked from an original list of eight. It is understood that a decision on the preferred partner for the project, which will include 600 units and will be a mixture of refurbishment and new-build, will be made in late summer.
It involves new homes specifically for old people, the demolition of low-rise blocks and the construction of shops and play areas.
Hackney council has received £3.75m from the government’s Single Regeneration Budget and £2m from the capital challenge fund for the project.
Foundations for the scheme were laid when the 19-storey Barkway Court tower block was demolished in February.
Regeneration co-ordinator Mary Bennell said: “Our vision is to bring about radical improvements for King’s Crescent, working in partnership with residents and the local community.”
The estate comprises 632 units, including a 19-storey tower block and a series of seven-storey maisonettes.