Developer Countryside Properties and London & Quadrant Housing Trust plan to transform the 29-hectare old Ford Dagenham plant into a major new community of over 3,000 homes.
It is the second largest housing scheme in UK to gain planning permission last year, and one of only three regeneration schemes in London delivering so many homes.
The first phase of the Beam Park development will deliver 640 new homes, as well as the Beam Park railway station.
Robert Wilkinson, managing director for Partnerships South, (East) Countryside, said: “We have the incredible opportunity to create a thriving new destination in East London, delivering one of London’s largest housing developments, with 3,000 homes, two schools, community facilities, retail spaces, a railway station and much more.
“This site has an incredible history, and we’re looking forward to utilising our extensive track record in regeneration with L&Q to bring this next chapter to life ensuring the legacy is captured while embracing modernity.”
When the masterplan completes in 2030, Beam Park will also deliver an additional school, retail spaces, a gym, nursery, community facilities, a multi-faith space, and two energy centres.
Just over 40% of the development has been allocated for publicly accessible green space, including a three-hectare central park in the heart of the development with the River Beam running through it.
The masterplan for Beam Park was produced by Patel Taylor Architects, while BPTW and Pollard Thomas Edwards were engaged to work on the plans for the first phase.
First homes will be ready in 2020, with the first phase due to be fully completed by 2022.