UK-based developer Peabody has submitted planning applications to the London Borough of Bexley to create new homes in South Thamesmead, London.
The £500M project will also see the construction of a new high street along Harrow Manor Way that connects South Thamesmead and Abbey Wood station.
The detailed planning application for Southmere Village will see the construction of over 500 new homes, a library, cafes and shops, a lakeside square and outdoor space.
The company has also submitted three outline planning applications for Binsey Walk, Coralline Walk and Sedgemere Road. These include the development of about 1,000 homes, landscaped areas, a central square, a public plaza, community gardens, cafes and a new pedestrian route.
Peabody’s CEO Stephen Howlett said: “Thamesmead is a special part of London with huge potential for the future.
“The creation of 1,500 new homes and a new high street as part of the Abbey Wood and South Thamesmead Housing Zone, together with the arrival of Crossrail means we also have the opportunity to create hundreds of new jobs and attract new business.
"Peabody is committed to working with local residents to create the dynamic and thriving place where people aspire to live, work and visit.”
* Data provided by Timetric's Construction Intelligence Center.