Three companies are fighting to win a £1bn deal to transform Tottenham.
Haringey Council says it has narrowed its shortlist from six to three bidders as it looks for a long-term partner for the major High Road West development.
The shortlisted companies are Barratt Developments Plc, Lendlease Development Limited and Linkcity (Bouygues). The winner will be announced by mid-2017.
Located just 15 minutes from central London and next to the new £900m Tottenham Hotspur stadium development, the 11-hectare scheme in north Tottenham will provide 1,400 new homes, community facilities including a new library, and a public square and park.
It will also create a new local centre with shops, restaurants, cafes and commercial and business space.
The scheme will be carried out alongside the Northumberland Park Estate regeneration scheme, under the auspices of the Haringey Development Vehicle.
The council says the two projects, along with the Tottenham Hotspur stadium development will mean billions of pounds in public and private investment in north Tottenham, transforming the area with 5,000 new homes and 4,000 jobs.
Cllr Alan Strickland, Haringey Council cabinet member for housing, regeneration and planning said: “Tottenham is a major regeneration priority for the borough and this ambitious scheme has developed following three years of consultation with the local community. We look forward to making a final decision on our partner in the coming months.”
The council says the importance of the High Road West scheme has been recognised by the mayor of London, who has contributed £62m.
Haringey says the project comes hot on the heels of the redevelopment of Tottenham Hale providing 800 homes, and the Ada National College for Digital Skills which opened in Tottenham Hale in September 2016 and will move to a new campus in 2018.
The college aims to equip young people with the latest hi-tech skills and qualifications so they can compete in the digital economy.