The Greater London Authority and the Mayor’s Office for Policing and Crime are bringing forward the project which will be 60% affordable housing.
Selected following a competitive bid process led by the Mayor of London, Countryside Partnerships will transform the last two sites on what was formerly the Hendon Metropolitan Police training centre and driving school in Colindale.
The development will also deliver community and retail facilities including a new nursery and social enterprise.
Work is anticipated to start on the site in summer 2025 and is scheduled for completion in 2030. Colindale is the 34th major development currently being progressed by Vistry in London.
Greg Fitzgerald, chief executive, Vistry Group, said: “This latest agreement reflects the strength and resilience of our partnerships model, and we look forward to using our track-record of successful regeneration and place-making to create much-needed new homes and sustainable communities for the residents of Barnet.”