Land owners, the Business Design Centre in Islington, have brought United House on board as joint venture developers of the trading estate site, which will be the biggest development in the area since the Arsenal Stadium project.
United House will act as joint developer and contractor to build 308 one to four bedroom private apartments in a twin 21-storey towers development designed by Benson & Forsyth.
The development will also comprise 47 affordable homes, and 116,000 sq ft of retail, restaurant leisure and office space.
City North Islington is budgeted to cost £130m to build
Jeffrey Adams, group chief executive of United House, said: “United House has an outstanding track record for handling complex regeneration sites in inner London and we are delighted to have been chosen by City North Islington to deliver this scheme with them.
“The combination of private and affordable homes, shops, restaurants and offices will bring new focus to Finsbury Park.”
A start on site is anticipated in the spring of 2013, with completion in 2016.