Boris Johnson has announced a £1.5 billion project to develop the 50 acre site in Silvertown Quays in a scheme that could create up to 9,000 jobs.
The area has been undeveloped for decades but the developers behind the scheme The Silvertown Partnership say London has seen the regeneration of a number of sites across East London such as nearby Canary Wharf and Straford.
More top news
West Ham United have confirmed Sam Allardyce will not continue as their manager next season.
David Cameron's former strategy adviser Steve Hilton says he could possibly run for the post of London mayor.
Rio Ferdinand has described being "overwhelmed" by the support he received from football fans after his wife died.