Proposals unveiled by St Marks Church in Dagenham would see the creation of 80 social homes, a new community centre, a fitness centre, and a coffee shop.
The plan - drawn up by the church and the Berkeley Foundation - would see the current church and vicarage at Marks Gate demolished and replaced with a new development that would also include a new church, the Barking & Dagenham Post reported.
It said that the regeneration plan would be split over three sites, with Marks Gate being the largest, but also including the site of disused public toilets in Rose Lane and a garage site in Roles Grove.
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…