A planning application for the regeneration of the 31-acre Alton Estate, Roehampton, has been submitted to Wandsworth Council.
The proposals would see 1,103 homes delivered, including 256 new and replacement affordable homes.
The homes have been designed to be energy-efficient and for flexible long-term use.
All secure council tenants will be offered a new home at the development, named Alton Green, while resident leaseholders and freeholders will be offered the opportunity to buy a new home on the estate.
The proposal also includes an 'Urban Quarter' which will feature a new village square and multi-purpose community building to host the new Roehampton Library, a health centre, spaces to rehouse the Base Youth Club and a new community hall.
There will also be office and shopping spaces built, plus a new community hub within the Parkland Quarter which will host the new Eastwood Nursery School Centre for Children & Families.