The Transport for London (TfL) and Barratt London's proposals, located next to Wembley Park London Underground station, include a new flexible retail unit, public realm enhancements to help enliven the area and new operational space for TfL.
TfL and Barratt London, working together as a joint venture, will deliver 454 new homes, including 40% affordable housing, a retail unit, improvements to the public realm, which will help to transform the local area, and new operational space for TfL.
The scheme, which covers a 1.6-acre site, has been designed by TateHindle architects and will be delivered across five buildings. The new homes will be a mixture of studio, one, two and three-bedroom properties, suited to all types of households, including first time buyers, families and downsizers.
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The affordable homes will be offered as a combination of intermediate housing, such as shared ownership, and London Affordable Rent.
The development also has a focus on sustainability - environmental, economic and social benefits - incorporated throughout.
The location of the development enables new residents to easily use sustainable modes of transport, as it is serviced by both the Jubilee and Metropolitan lines as well as a number of bus routes. The provision of cycle parking within the development will also encourage residents to saddle up when making journeys.
With green and biodiverse roofs, the planting of new trees and hedges, as well as wildlife-friendly landscaping such as bird boxes and bee bricks included as part of the scheme, the designs aim to positively enhance the local environment.
The development will also use renewable forms of energy through solar panels and air source heat pumps. The homes have been designed to encourage natural light within them and reduce energy usage; 70% of the homes are dual aspect and the remainder have been designed to ensure that they are not north facing.
Emma Hatch, Senior Property Development Manager at TfL, said: "We are thrilled to get the go-ahead for our development at Wembley, which will deliver hundreds of new homes as well as a new retail opportunity and improvements for the local community.
"This is the second project with Barratt London and builds on our track record for delivering much-needed new homes in the capital. Our first homes at Blackhorse View in Waltham Forest started selling earlier this year, showing our developments have been designed thoughtfully with both the community and residents in mind."
