Housing association Notting Hill Genesis is the client for the mixed-use development, which comprises five buildings and delivers 50% affordable housing.
Construction is now anticipated to begin in March on the £170m project.
Each of the five blocks is designed by a different architectural practice and these offer a combination of housing types: mansion blocks, higher-rise apartments, courtyard apartments, and maisonettes.
John Hughes, group director of development and deputy chief executive at Notting Hill Genesis, said: “While this is an important milestone, there are a number of further steps which must now be taken before we can start to deliver this project. These include receiving final approval from the Mayor of London and finalising our section 106 agreement with the council.”
The entire site, in Walworth, south London, is being regenerated over a 30-year programme, providing 3,500 new homes in all.
Earlier phases were delivered by Hill Group and Vistry Partnerships.