Work on the new Thrayle House development in Stockwell is expected to start this month with demolition of an existing three-storey building.
Thrayle House, for which planning permission was granted in April, is the latest phase in Network Homes’ £200m Stockwell Park regeneration programme.
The scheme will provide 177 new homes, with 81 for social rent and 96 for private sale.
Designed by PRP Architects, the development will also have 1,358 m2 of retail and community space.
Just last week Wates Living Space Homes handed over the completed Park Heights development to Network Homes. That £28m contract was for a 20-storey apartment building in Stockwell Park on the site of a former 1960s block.
Wates Living Space Homes managing director Joanne Jamieson said: “Our role as developer at Thrayle House builds on our strengthening relationship with Network Homes and our continued role in the transformation of the Stockwell Park Estate.
“We wholeheartedly share in Network Homes’ ambitious vision for this regeneration scheme, to create high quality and high specification homes for local people, whilst bringing extensive benefit to the local community.”
Network Homes director Vicky Savage said: “This is a landmark project in the regeneration of the Stockwell Park Estate and one that is incredibly important to Network Homes, the residents and the local community. We really look forward to working with Wates Living Space Homes who will bring their significant expertise and resources to this project.”