Property developer Orbit South has secured planning permission from the London Borough of Bexley council for a £100m project to regenerate Larner Road estate in Erith, London, UK.
Designed by the UK-based architectural firm Broadway Malyan, the five-year scheme will feature a mix of houses, low-rise apartments for affordable rent, private sale and low-cost home ownership.
The project will see seven tower blocks replaced with 620 low-rise homes.
Phase one of the scheme will feature 343 new homes, of which 66 will be for sale, 82 for shared ownership and 195 for rent.
Plans for the first phase also include improving open green space, such as the Dell nature area.
The plan, partly funded by the Greater London Authority (GLA), is designed to completely regenerate the Larner Road area and planning permission given by the council is subject to GLA and legal approval.
The London Borough of Bexley, Wates Living Space and Broadway Malyan will be working in partnership with Orbit on the project.
Orbit South managing director Vivien Knibbs said of the regenerated area, "Once complete, it will become a new neighbourhood of streets and gardens where local people want to live and a public green space for all of the community to enjoy."
Work on the scheme is anticipated to start in March 2013, with the first homes scheduled to be ready in early 2015.
Image: The first phase of Larner Road estate regeneration will feature 343 new homes. Photo: Broadway Malyan.