The project partners were joined by members of the Greater London Authority, Haringey Council and other guests for a tour of the site, where work is well underway on the foundations of the new homes.
The transformative project is set to deliver up to 995 homes for local residents across multiple phases, with 60 per cent of the homes affordable.
The first phase is currently under construction and will provide 239 homes, of which 94 will be affordable, as well as new and enhanced green spaces and commercial premises.
The homes will be centred around the existing Peace Garden, which will be extended to three times its current size, with new flora and trees to boost biodiversity.
The new neighbourhood will also include a children’s play space, inspired by the natural landscape.
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Residents of St Ann's will also benefit from its well-connected location, electric vehicle charging points and new safe and accessible cycle routes towards Harringay Green Lanes station.
Seven former hospital buildings will be kept, including the iconic water tower. These historical buildings will be turned into workspaces and commercial premises.
Peabody was appointed by the Mayor of London to redevelop part of the St Ann’s Hospital site in 2023, with a shared goal of delivering more affordable homes for Londoners. St Ann’s is the first site purchased in 2018 as part of the Mayor's Land Fund.
The not-for-profit housing association has since partnered with housebuilder Hill, and together they have been working closely with Haringey Council and the local community to develop plans for the site.
Philip Jenkins, Executive Director of Development at Peabody, said: "This progress event marks an important step forward in the redevelopment of St Ann’s Hospital, as our shared vision of a high-quality, secure, well-connected, and thriving neighbourhood starts to take shape.
"The new neighbourhood will provide hundreds of much-needed affordable homes alongside wide-ranging outdoor facilities for the community to enjoy. Our bid to buy the site was successful because of the high quality of our vision to create new neighbourhood - just one example being the new and improved Peace Garden, which will grow by a further two acres – a huge boost to wellbeing and biodiversity.
"It's a challenging time for all housing development, so to see construction of this project underway is very pleasing. We’re very much looking forward to welcoming residents to their new homes."
The first homes are expected to be complete from 2025, with the final development completion expected in 2031.
