The firm plans to regenerate the 6-acre Abbey Retail Park into a riverside urban-village called Abbey Quays, which will provide over 1,000 homes of mixed tenure.
Designed by architectural practice Broadway Malyan, the scheme also includes a new riverside restaurant, a Max Whitlock MBE athletes training centre and a community hall.
The site was a retail park owned by Estates & Agency Group during the 1980s who join Weston as joint developer.
Once a ‘Section 106’ legal agreement has been signed Barking & Dagenham Council will grant planning permission.
The flats will be built in 13 blocks split across three buildings, ranging from seven to 29 storeys.
These buildings will be arranged around a pair of large communal landscaped podium gardens for occupants to utilise.
Bob Weston, Chairman & Chief Executive of Weston Homes said: “The regeneration of this important Gateway site into a new waterfront urban-village adjacent to Barking town centre forms part of the Borough Council’s vision of bringing aspirational waterfront living to Barking.
“The regenerated site will provide much needed affordable local housing for local Londoners, further enhance the local community and compliment the existing centre.”
In Tudor times the site was a quay servicing the adjacent Barking Abbey and village. By the 19th century it was a vibrant fishing village, becoming an industrial zone during the Victorian era and thereafter.