Work is underway on the 3.2-hectare Ladderswood estate scheme in Enfield.
Phase one of the joint venture between developer Mulalley and housing association, One Housing Group, will see 40 homes built, of which 23 will be affordable and 17 will be for private sale.
The overall scheme includes 500 homes and is due for completion in 2018.
The developers are working closely with the council to deliver the project.
Councillor Ahmet Oykener, Enfield Council’s cabinet member for housing, said: “Ladderswood is part of the council’s programme to replace old and outdated accommodation across the borough. Flats will be both generous in size and energy efficient using the latest sustainable heating systems.
“We have consulted residents and businesses and have arrived at ambitious plans to regenerate the estate completely with homes; commercial space; a new hotel and a community centre.
“Building on this scale is a gradual process which will be accomplished in five phases so that we can manage the operation of relocating residents while their old flats are demolished and new buildings appear.
“The regeneration will not only provide quality housing but new local jobs. New Ladderswood will be creating employment and training opportunities through construction apprenticeships as well as providing skills support and training programmes for residents and local people.”
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