Contractor Hill will now start work on the first phase of Fish Island Village development, which lies next to the Queen Elizabeth Olympic Park.
The housing projects at Neptune Wharf and Monier Road, will include affordable rent, shared ownership, and intermediate market rent homes. There will also be some private sale and market rent homes.
The initial phase of 408 homes and workspace, designed by Haworth Tompkins, will be spread over 13 buildings on the site of former warehouses next to the Hertford Union Canal.
These buildings will sit alongside structures by Pitman Tozer and Lyndon Goode Architects in the later phases taking the development up to 580 homes with 55,000 sq ft of workspace operated by The Trampery, a London-based social enterprise.
Fish Island Village is part of an ambitious plan to revive this site in East London and to engage the vibrant artistic community while creating much needed homes and affordable workspaces to help build on the thriving creative industries at Fish Island.