The flats are part of Canary Wharf's first expansion since the beginning of the financial crisis - at the centre will be a 57-storey cylinder designed by Herzog & de Meuron, the Swiss designers who created the Beijing Olympics' "Bird's Nest" and the Tate Modern. They'll be distributed between two areas: the Newfoundland tower and the Wood Wharf "neighbourhood".
Canary Wharf Group - which recently made headlines when its owner, Songbird Estates, was bought by the Qatari sovereign wealth fund - said construction on the site had already started. The flats will be completed after the opening of the area's Crossrail station in 2018, although a shopping centre attached to the station is due to open next week.
They reckon that puts the area within six minutes of Liverpool Street, 39 minutes of Heathrow and "moments" from City Airport (not accounting for the inevitable delays...).
While Canary Wharf hasn't given much detail about the makeup of the apartments, it did say a quarter will be earmarked as affordable housing.