The housing scheme will consist of three residential towers, estimated to cost around £60m to build, and completes a nine-year £390m regeneration of the site around the Emirates Stadium.
Barratt said it will start on site in January next year, in joint venture with social housing partner L&Q, which will share profits despite there being no social housing element on the scheme. The end value of the development is estimated at £128m.
Arsenal FC director Ken Friar said: “This is the last piece of the jigsaw in our new stadium project which has delivered huge regeneration to the Borough of Islington.”
In total 2,500 new homes and 2,500 new jobs have been created over the past six years.