The controversial Goldsworth Road development in Woking won a planning appeal after four storeys were shaved on the tallest tower, lowering it to 36 storeys.
The new scheme provides 965 units along with over 14,000m2 of commercial space and a new homeless shelter over five buildings.
The project has a development value of around PS330m and is expected to cost around PS190m to build.
EcoWorld London, which gained a swathe of sites after buying up Willmott Dixon Homes assets, will be starting on site as soon as possible, with work expected to commence towards the end of 2022.
The planning approval was given following an appeal of the initial decision in January 2021.
Conor McGahon is the managing director of EcoWorld London. He stated: “We at EcoWorld London have a total commitment to creating positive changes for Woking and we are delighted to be granted planning permission for our exciting plans to develop the town centre.
“Partnerships are a core part of our DNA. We look forward to working with the Council and community to deliver new homes, green spaces, and retail within a large pedestrian-friendly public area for everyone to enjoy .”
EcoWorld London will invest more than PS10m in local infrastructure as part of its planning commitment.
JTP, the architect responsible for the project has made sure that the homes proposed are of the highest quality in terms of size, mix and amenities.
The development will deliver car club spaces, as well as an additional 263 car parking spaces for residents – 40% of which will have electric car charging capabilities.