Developer Lend Lease has launched a consultation on a new masterplan for the regeneration of the Heygate Estate in Southwark.
The plan includes provision for around 2,500 news homes, shops, offices, shops and a large new park.
It would see a series of high rise buildings, including three towers of 25, 27 and 35 storeys in height.
The residential space will be surrounded by 177,500 square foot of new retail units, situated mainly along Walworth Road and which will connect with St Mowden's shopping centre scheme.
The scheme will also provide up to 54,000 square foot of office space and around 50,000 square foot has been allocated for leisure and community space, including a new leisure facility with a swimming pool, sports hall, gym and a new crѐche and café.
A detailed planning application is due to be submitted next spring for about 250 homes and a 30-35 story tower, which will include 250 flats. An outline application will also be submitted for the rest of the scheme.
Make Architects was appointed in 2004 to work on the development framework and has worked with Southwark Council and Lend Lease to produce the masterplan.
"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.