Taylor Wimpey and registered social landlord London & Quadrant have been selected to develop the first tranche of houses at the Chobham Manor scheme at London’s Olympic Park.

They beat the other shortlisted developers East Thames & Countryside Properties and Barratt Homes with LeFrak. The shortlisted companies submitted final plans for the site at the end of June.

Chobham Manor, on a 6.4 acre site, will be developed on the site of the Olympic basketball courts and will become the first “legacy neighbourhood” to be built from scratch after the games.

When the first tranche of houses is completed in 2014, the scheme will consist of 960 homes, 70% of which will be family properties. Further development will include a health centre, two nurseries, community space and shops.

When the entire residential development at Olympic Park is complete, in an estimated 20 years’ time, it will comprise five neighbourhoods — Chobham Manor, Pudding Mill Lane, Marshgate Wharf, East Wick and Sweetwater — providing 8,000 homes in total.

A spokeswoman from London Legacy Development Corporation said: “The procurement process to award a developer the contract for Chobham Manor is subject to an Alcatel standstill period. While a decision has been made, we are unable to comment on the winning bidder until this standstill period is over.”