The competition-winning scheme by Stitch to redevelop the Marlowe Road Estate, in Walthamstow, east London has been submitted for planning
The ‘deprived’ 1960s estate currently has 298 low-rise council homes plus a further 100 flats in the 20-storey Northwood Tower.
As part of the £130million scheme 150 council homes will be demolished and re-built - the tower will be retained - together with an additional 280 new homes ranging from four bedroom family houses with private gardens, to maisonettes and apartments with roof terraces and courtyard gardens.
It is understood Waltham Forest Council will buy 40 of these homes allowing residents to purchase them through shared ownership.
The proposals also include a re-designed central plaza north of Wood Street station more than 1,000m² of new commercial space, including a Co-operative store, local Post Office and new community uses.
Richard Cherry, chief executive of Countryside’s Partnerships division, said: ‘The focus of the new scheme will be on bringing back traditional tree-lined streets that link well with the surrounding area, with attractive frontages, providing well-defined spaces for the local community to enjoy.’
A planning decision is expected in the early autumn, and if approved, building works could start before the end of 2015, taking around six years to complete.