Enfield Council has announced the developer for its Highmead development site in Angel, Edmonton.
The selection of developer Countryside Properties, working with Newlon Housing Trust, follows the granting of planning permission earlier this year.
There will be 120 new homes, of which 38 per cent will be affordable, together with 1,092sq metres of commercial space and a 140sq metres community building.
Thomas Stevenson, land Director of regeneration at Countryside Properties, said: “We will be working closely with Enfield Council to deliver this outstanding scheme. Regeneration is long overdue here and will be a force for good in the area.
"Work will begin on site in 2012 and we expect that the first new homes will be available in 2014.”
Del Goddard, cabinet member for regeneration at the council, said "We are delighted to welcome Countryside Properties as the developer for the Highmead site. Working closely with the company I look forward to seeing Edmonton regenerated, fit for the future and a space local businesses will want to move to.
The old buildings on the site, which include an 11-storey 1960s tower block and a parade of shops, are programmed for demolition in early 2012.