Phase 3, which is otherwise known as the High Street, will comprise two major residential development zones along a retail pedestrian street from the northern line extension station.

It will consist of 1,200 flats, a 200-room hotel overlooking both the town square and the Power Station, 350,000 sq ft of retail and restaurant space, and a library.

Gehry Partners, is designing the apartments to the east of the High Street – its first buildings in the UK – with Foster + Partners designing the residential buildings to the west.

Rob Tincknell, chief executive for Battersea Power Station Development Company, said: “We are thrilled to have two such well regarded architectural practices join the team and for Battersea Power Station to be the home to Gehry’s first building in London.

“We are very confident that Phase 3 will be something groundbreaking and wonderful in London.”

The mixed-use Battersea Power Station master plan is designed by Rafael Viñoly.

It spans 39 acres of prime River Thames frontage and comprises over 3,400 new homes as well as offices, shops, restaurants, bars, cafes, hotels, community and leisure space and 18 acres of open space.

Specialist restoration architects Wilkinson Eyre is appointed to the Power Station building and Ian Simpson Architects alongside dRMM has designed Circus West, Phase 1 of the development.