Ardmore has been awarded the contract to build a £99m residential scheme near the Olympics site in Stratford, for the second time of asking.
The contractor originally won the design-and-build deal two years ago at a price of £150m, but funding uncertainty caused by the recession meant the the project was put on hold.
However, client Paddington Churches Housing Association is now proceeding with the mixed tenure scheme, which includes a 43-storey tower.
The development totals 704 units, ranging from affordable rented to high value private sales, and one block providing extra care facilities.
Ardmore will construct seven blocks, five of which are 10 storeys high, one 43 storeys high, and one an existing five-storey building which will be extended by two storeys. There will be commercial space in the ground floor of these blocks.
All foundation works, including the construction of a basement have been completed, as has the concrete superstructure up to level four of two of the blocks.
The estimated construction schedule is 32 months, although the two blocks furthest advanced will need to be handed over approximately 11 months after the project starts.
Due to the site’s proximity to the Olympic Park, all external elevations and external works must be completed four weeks before the commencement of the Olympic Games.