Developer United House has been appointed as a joint venture partner, by the owners of the Business Design Centre in Islington, to deliver a £130m mixed-use scheme near Finsbury Park station in north London.
The scheme will include construction of 308 one to four bedroom apartments in two 21 storey towers. The site will be designed by UK-based architects Benson & Forsyth.
It will also feature 47 affordable homes to be developed on a tract of land in north Islington near the Finsbury Park mainline and underground stations, as well as 116,000ft² of retail, restaurant, leisure and office space.
City North Islington Holdings and the Business Design Centre Group chairman Jack Morris said: "The planned development will bring much needed new homes, business investment, employment and economic growth to what will become one of London’s most exciting and vibrant areas."
United House group chief executive Jeffrey Adams said: "The combination of private and affordable homes, shops, restaurants and offices will bring new focus to Finsbury Park."
The project will be the largest regeneration scheme undertaken in Islington since the Arsenal stadium project. Work on the site is expected to start in the spring of next year and scheduled to complete in 2016.