Developer Metropolitan has submitted a revised planning application for the regeneration of Clapham Park estate in Lambeth.
As part of its £1.6 billion regeneration plan, the housing association plans to demolish 864 existing homes and construct more than 2,500.
Clapham Park is spread over 36ha in Lambeth, between Brixton, Streatham, Balham and Clapham.
Metropolitan's involvement in Clapham Park began in 2005, when council residents voted in favour of a stock transfer and Clapham Park Homes (now Metropolitan Clapham Park) was formed to take over ownership and management of homes on the estate.
Permission for the scheme had been granted in 2008 and partially implemented, with some blocks complete and occupied.
Linda Robinson, interim executive director of development at Metropolitan said: "The previous regeneration masterplan was developed more than 10 years ago, and the decision to revisit it was necessary to ensure we meet our agreed objectives with Clapham Park residents. The carefully considered new design will allow us to improve housing standards further and increase the delivery of affordable housing."
When completed, Clapham Park will have 4,080 homes, 53% of which are earmarked as affordable. It will be Metropolitan's largest scheme – the developer owns and manages a portfolio of nearly 38,000 homes and has a schedule to deliver 1,000 homes a year.
In the 10 years since the estate was transferred Metropolitan has refurbished over 740 homes and built around 500 new units.
It was selected as a New Deal for Communities neighbourhood, a government initiative to regenerate deprived areas, and was transferred to Clapham Park Homes, a subsidiary of Metropolitan, from the London Borough of Lambeth in 2006 in order to facilitate its refurbishment and redevelopment.
The company says its key commitments to the scheme are to:
• Deliver a new or refurbished home to every secure tenant
• Provide a minimum of 4.18ha of high quality open public space, including a park
• Ensure a minimum of 50% of homes delivered are affordable
• Ensure there are safe streets, pedestrian and cycle routes
• Provide a range of new shops and much improved community facilities
The application is expected to be heard by Lambeth Council's Planning Committee towards the end of 2017, after which a formal decision can be issued and work can start next year.