The planned buildings will vary in height from 8-18 storeys. They have been designed by Guy Hollaway Architect and will boast rooftop allotments.

The Royal Engineers Road plans include 220 flats, which could be delivered as build to rent or speculative homes for sale. 

Richard Upton, Deputy Chief Executive of U+I said: “The project team has worked hard over the past year to develop a creative and compelling vison for Royal Engineers Road.”

“The plans will bring forward a high quality residential-led scheme, which with the inclusion of a build to rent element, providing local residents with greater choice.”

The project is one of four U+I developments within London City Region ‘Huburbs’ and within an hour’s commute of central London.

The developer has revealed a construction programme for 5,000 PRS homes around the National Stadium

Funding and planning is in place and Quintain said “construction will also be at a pace not seen at any other major development site, with 3,000 homes under construction by the end of 2017.”

The 5,000 homes will be delivered in phases over the next seven years.

The developer currently has four contractors on its Wembley framework – Carillion, McLaren, Sisk and Wates. But work could be opened up to new firms.

The homes will be available through Quintain’s build to rent business Tipi which was launched last April.

By the end of this year there will be 3,000 homes under construction, alongside a new seven acre public park, a new landscaped London square, a three-form entry primary school and a wide range of shops, restaurants and workspaces.

Quintain has already invested £900m in the transformation of Wembley Park and has a further £800m of funding secured.

Angus Dodd, Chief Executive of Quintain, said: “Our commitment to build to rent at Wembley Park means we can deliver the homes London needs far faster than if we were selling homes privately and ensures they will be occupied very shortly after they are complete.

“This long term commitment also means we can design homes specifically for the needs of today’s generation of renters and provide fantastic shared facilities and professional management arrangements which our residents love. We will ensure no apartment is left empty.

“Quintain owns the entire 85 acre site – a huge area in the context of London – allowing us to deliver in a co-ordinated manner the apartments, the parks, the outdoor spaces and the commercial, retail and entertainment uses which are such an integral part of Wembley Park.

“We are creating, a 21st century great estate for London, in tune with what all Londoners want today and enhancing and contributing to the wider borough of Brent.”

Cllr Muhammed Butt, Leader of Brent Council, said: “To have 3,000 new homes under construction in one location this year shows just how in demand Wembley Park is as a place to live and it is comforting to know that with professional management in place, we won’t have a single rogue landlord.

“I have been hugely impressed with the quality of homes being built at Wembley Park and Quintain has also made a huge investment to upgrade all the public spaces around the area to bring the place alive with events, shops, workspaces and other attractions.”

The council’s recommendation to select the firm as preferred development partner is set to be rubber stamped on 14 February.

Lendlease was up against rival bids from Morgan Sindall with Clarion Group; and Pinnacle with Starwood Capital and Catalyst

Over the next 20 years the Haringey Development Vehicle joint venture will drive construction of 5,000 new homes and a new town centre in Wood Green.

The development sites proposed for the first phase of regeneration are the former Cranwood care home in Muswell Hill; the council’s civic centre, Station Road offices and library in Wood Green; and the Northumberland Park regeneration area.

Haringey council leader, Cllr Claire Kober said: “This 50:50 partnership ensures the Council is involved in all decisions and crucially can ensure that a share of the profits goes back into other regeneration initiatives, affordable housing and funding the services we provide to residents.” 

If the decision to appoint Lendlease is approved a final decision on whether to establish the Haringey Development Vehicle is expected to be made by Haringey council’s cabinet in the summer of 2017.

Developer Knight Dragon commissioned “starchitect” Santiago Calatrava to design the scheme above North Greenwich station.

He has created a glass galleria and 80ft high “winter garden” atrium surrounded by three towers.

The development will also be linked to the other side of the Thames by a new bridge.

The Peninsula Place scheme will include 800 apartments, 30,000 sq ft of offices, a hotel and around 80 shops, restaurants and bars.

The bus station will be rebuilt while the tube station will remain open during construction.

Mr Calatrava told the Standard: “It is an honour to be designing such a piece of the fabric of London, a city I love. In designing this scheme, I have been inspired by London’s rich architectural heritage and the very special geography of the Peninsula.

“It will be a project that reflects both this and the ambition of Knight Dragon for Greenwich Peninsula.”

Mayor of London Sadiq Khan, said: “Peninsula Place will create a new buzzing, cultural destination in the capital, which I’m confident will attract visitors not only from London, but around the globe.

“The iconic building – designed by world leading architect Santiago Calatrava – will be a truly fitting pathway onto the Peninsula, with the development offering an improved tube and bus station, alongside new shops and homes.

“This investment in key infrastructure in the capital is a vote of confidence post-Brexit and shows that London is open to business, trade and attracting the greatest talent from around the world.”