The mixed-use transformation of the former Arcade site in the centre of Walthamstow, East London, has moved closer after development agreements for the scheme were secured.

Waltham Forest Council (WFC) is looking to overhaul the town centre and is working with Islington and Shoreditch Housing Association (ISHA) and Hill Group to fulfil its vision.

Pollard Thomas Edwards Architects (PTEa) will be responsible for drawing up plans for the project, which will include a cinema, leisure facilities and residential elements.

The final proposals will go before the public before a planning application is submitted, with work scheduled to start on site in September 2012, following the London Games.

WFC leader Chris Robbins said: "I think most residents will agree that the plans ISHA and the Hill Group are drawing up match both the needs and the aspirations of our local community.

"The signing of these development agreements marks a major step forward for our ambitious plans to revitalise the area."

ISHA director of development Colin Archer added: "We are confident that we can deliver a high quality mixed use scheme that will contribute to the regeneration of the area."

Image: The former Arcade site in Walthamstow will be transformed