The South Kilburn 144-home project located next to Queen’s Park station will be built by Bouygues UK.
Following the 1.7-acre site purchase demolition of the existing buildings will get underway early 2014, with construction to start in March.
The development forms part of the £400m regeneration of South Kilburn, London, a project which aims to deliver 2,400 homes and turn the area into a new urban landmark, enhancing the vision set out by the London Borough of Brent.
Cllr George Crane Lead Member for Regeneration and Major Projects said: “This is another milestone in the creation of a new South Kilburn.
“With the support of our partners we are making this part of Brent a fantastic place to live and work. Brent Council and the residents of this area have a lot to look forward to in the New Year and plenty to celebrate.