Detailed plans for a 1.4 million sq feet mixed-use riverside project are set to be submitted to Southwark Council.
The Carlyle Group is poised to deliver its proposals for the 492-home development, which will also deliver 25,000 sq feet of retail space and 18,500 sq feet of space for “cultural use”, website CoStar reported.
It said the nine-building development would be located between the South Bank and Bankside, and replace properties Carlyle bought in 2010 from the White Tower portfolio.
CoStar said the tallest building in the development would be a 48-storey tower block opposite the proposed One Blackfriars building.
"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.