Lend Lease has announced that it has changed the phasing of the redevelopment of the Heygate Estate and delayed plans to replace the blocks nearest to New Kent Road.
The Australian developer says that public consultation on the detailed design of the second phase of the Heygate Estate redevelopment will begin next month.
Homes in phase one, to be known as Trafalgar Place, are currently being marketed for sale in the far east with exhibitions held in Kuala Lumpur, Singapore and Hong Kong.
The developer had previously signalled that the second plot to be redeveloped would be at the north-western corner of the site, facing New Kent Road.
However, Lend Lease now says that the portion of the estate south of Heygate Street will be next to be developed.
"Following the successful launch of One The Elephant and more recently of Trafalgar Place, we are very pleased to be embarking on the next phase of the regeneration and look forward to receiving feedback from the community on our detailed proposals for the site as we develop them in line with our approved outline masterplan," said Rob Deck, Lend Lease's project director for Elephant & Castle.
"Our vision is to fulfil the promises of regeneration by creating a truly sustainable community.
"This next phase will include up to 360 new homes, a permanent community garden and a gas fired energy centre which will ultimately be able to provide low carbon heat and power to the entire Heygate redevelopment and a further 1,000 homes beyond the Heygate."
Cllr Fiona Colley, Southwark's cabinet member for regeneration, said: "This consultation marks another major step forward in the regeneration of Elephant & Castle, showing residents that we aren't just talking about improving the area, we are doing it.
"It's also a good example of where residents have had a real impact on our plans, as we've changed the phasing of the project to reflect what local people told us they wanted."