The Olympic Legacy masterplan was unveiled today and proposes to create six new ‘character areas’ comprising 10,000 new homes and more than 1.2m sq ft of commercial space.

It will also see the creation of one of Europe's largest parks, three secondary schools, a primary school, and a sports centre and national skills academy which will located in the main stadium.

The preferred masterplan option, called the Legacy Masterplan Framework, was unveiled by the mayor of London Boris Johnson and Olympic minister Tessa Jowell, secretary of state for communities and local government Hazel Blears, and Newham Council leader Robin Wales at a press conference today.

The six 'character areas' will be created within the Olympic Park and are:

* Stratford Village - which includes plans for 1,480 homes, a primary school and a new local high street;

* Hackney Wick East - which includes plans for the development of the broadcast and media centrem 2,070 homes, a 6,000 seater stadium;

* Stratford Waterfront - which includes plans for 1,850 units, the quatics centre, a clinic and waterfront uses;

* Olympic Quarter - which includes plans for the stadium, 2,50 housing units, Olympic gardens and a school focuses on sport;

* Pudding Mill - which includes plans for stadium, 1,460 homes, 695,000 sq m of commerical space and cafes and restaurants

* Old Ford Summary - which includes plans for 1,150 homes, a primary school, and a marina retainign the Old Ford Lock structure.

All the areas will include other leisure amenities and as part of the plan the Aquatics Centre and Velodrome will be retained for future sporting use.

Johnson said: ‘One of my main concerns was always the lack of a clear vision for the legacy that would be left for east London from the huge investment we were making in staging the Olympic and Paralympic Games...Today after many months of hard work, I am delighted to be able to present that clear vision. It shows how we plan to use the investment in new transport, new infrastructure and new world class facilities as the backbone of a fantastic new place to live.’

The launch today will be followed by a six-week consultation and a series of public events before the plan is submitted for outline planning consent.

Tom Russell, LDA group director of Olympic Legacy, said: ‘The legacy masterplan will be part of a wider economic, social and physical regeneration strategy which looks at the future development of the areas around the Olympic site.’

EDAW, Allies & Morrison and KCAP are masterplanners.