Construction work will start in March on the former Plaistow hospital site, with the new homes completing in 2015.
The scheme has been designed to showcase the latest advancements in mainstream sustainable building technology and will achieve Code for Sustainable Homes Level 4, along with carbon dioxide emission reductions of 32%.
“As part of Peabody’s 150th anniversary celebrations we undertook an architectural competition for the Plaistow Hospital site and we are now delighted to see PCKO’s winning entry be approved by Newham,” Peabody development director Claire Bennie said.
Paul Webb, director of PCKO, said: “We are delighted that our winning competition design has been successfully developed with Peabody and their consultant team to achieve planning consent.
“The design has integrated new apartments and family housing with refurbished hospital buildings converted to residential use to create a coherent masterplan and architecture for the development.”