Some 17 companies expressed an interest in delivering Meridian One, with 10 submitting their bids to the council in October.
The shortlisted companies are Galliford Try, L&Q, Peabody and Redrow, with the selected development partner being named in spring 2019.
Meridian One will see the first 725 homes built at Willoughby Lane, alongside public squares, shops and leisure facilities.
Outline planning consent is already in place for these new homes, with construction enabling works having already started in January 2017.
The new homes will be delivered around the new Meridian Water train station, which is due to open in summer 2019.
The site is one of the first being brought forward for procurement via the Greater London Authority’s London development Panel 2, and is the first stage of accelerating the delivery of the 10,000 new homes and thousands of jobs at Meridian Water.
Progress is also being made on bringing forward a further housing site for Meridian Two at Leeside Road, which will deliver 200 affordable homes.
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“This is another clear demonstration of the progress we’re making at Meridian Water and the confidence the development community has shown in the council to deliver one of London’s most exciting regeneration projects,” said Nesil Caliskan, leader of Enfield Council.
“It is the council’s aspiration to create a new destination where local residents and Londoners can afford to live in a vibrant and exciting setting.”
The council is also progressing a detailed business case for the housing infrastructure fund, which – if secured in full – will see £156m of government funding connect all parts of Meridian Water to the new train station and improve the frequency of the train service.
“By taking control of the vision for Meridian Water and overseeing its delivery, we are now able to select the right development partner for each phase and accelerate the delivery of the first housing site at Meridian One, creating hundreds of new homes, as well as much-needed affordable housing, and new public squares, shops and leisure facilities for the benefit of local residents and Londoners,” added Nesil.