A developer is hoping to open a new apartment block at the summit apartments site in London.
The new development will be set on the site of the old, abandoned site.
Summit Properties, the developer behind the project, said it had secured the building site for the tower and office tower at the site.
“This is an extremely special opportunity for Summit Properties to partner with one of London’s leading developer partners,” the developer said.
“It is a unique opportunity to develop a highly distinctive, yet sustainable urban development which has the potential to be a new and vibrant city centre for the region.”
The new apartment blocks will be developed in phases.
The first phase will see the development start in the early 2020s, with the second phase being ready in 2023.
The project’s developer, Summit Properties Holdings Limited, said the first tower would be “designed and constructed to meet the needs of the people of the new high rise”.
The new tower will be the tallest residential tower in the capital city, and will be located on the ground floor of a building that was formerly used as the site for a nearby hotel.
The tower will also be set within the Olympic Park.
“The project will create a new landmark within London’s skyline and will also offer the opportunity to provide a new amenity to the surrounding area,” the developers said.
The developer said the tower would also include a residential, office and retail space for the hotel, as well as an entertainment and retail component.
“A unique mix of retail, retail and entertainment will provide an important link between the Olympic park and the surrounding community,” the project statement said.
Building permits are needed for the project and a decision on the building permit will be made by the London Mayor’s office.
The site will be used by the British Olympic Association (BOA) for the Olympic Games from 2020 to 2024.
“Our aim is to create an exciting and vibrant new residential and retail project which is part of the Olympic legacy and part of our Olympic legacy,” the statement said, adding the site was already under construction when the development was announced.
A spokesperson for the BOA said it was “working closely” with Summit Properties on the project.
The BOA is currently considering the site’s potential for a new Olympic Village.
The company has said it hopes to get approval for a $2.6 billion development to be built in the park in 2020.