Carillion Igloo Genesis has been selected for designing and building the floating village at 15 acres of water at the Royal Victoria Dock site in London.
Mayor of London Boris Johnson revealed the plan in February 2013, with the aim to transform London's Royal Docks by creating more jobs and building floating homes and commercial spaces such as restaurants, cafés and bars.
The architects for the project are dRMM, led by Professor Alex de Rijke, while the engineering services are provided by Buro Happold.
Floating village is a project that took inspiration from successful schemes at ljburg near Amsterdam and Hafen City in Hamburg.
The development at floating village includes 50 custom-built residential homes, a blue water square, a market square and a floating corniche.
Floating homes at the village will use similar kind of concrete foundations to those at the Ijburg development in Holland. The homes will be constructed off-site and then transported to the site by water.
In addition, the village will feature a large multi-purpose events space and a mix of non-residential units including restaurants, cafes, shops and leisure and office space.
The master plans also include the construction of a floating lido and an ice rink.
The Mayor, along with the London Borough of Newham, recently invested in further schemes in the area including the Emirates cable car and the Siemens Crystal Centre.
Johnson said: "This site has the potential to become one of the most sought after addresses in the capital while breathing new life back into London's waterways.
"Carillion Igloo Genesis' scheme will create a unique mixed-use development providing a range of commercial activities within a high-quality water environment for Londoners and visitors, creating jobs and raising the profile of London's Royal Docks."
Planning application for the floating village is expected to be submitted to Newham Council in spring 2015.
Image: Ariel view of the Royal Victoria Dock site in London. Photo: courtesy of Greater London Authority.