Proposals to create 2,000 new homes and some 8,000 sq metres of new retail space in Peckham are due to enter the next phase.
Local businesses and residents now have until 4 December to comment on the Peckham and Nunhead Area Action Plan, which sets out a vision for the area over the next 10-15 years.
The proposals also include the creation of around 4,000 sq metres of new business space, as well as looking at the design and height of new developments.
Veronica Ward, Southwark Council’s cabinet member for regeneration, said the plan would offer a boost to the area.
“We have a vision for a thriving main shopping high street with good walk-through connections and improvements to the five ‘character areas’ in Peckham as set out in the plan, including enhancement of the old parts of Peckham,” she said.
“I know people in the area are hugely passionate about Peckham and will follow the proposals closely."
Elsewhere, work is ongoing to upgrade Queen’s Road Station with refurbished shop units and a new station entrance.
Concept designs for improvements to Peckham Rye Station are due to be completed early next year.
A new website for the local community, which explains the council's plans for the regeneration of Old Kent Road, has been launched