The contractor will responsible for the design, build and enabling works of the Farrier House project in Bethnal Green.
The scheme involves redeveloping two former warehouses into six- and eight-storey residential buildings containing 149 homes.
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On-site residents facilities are to be developed including a concierge, clubroom, rooftop communal terraces and library.
The site was purchased for £14m in May 2013 from Albany Homes.
Ray Theakston, construction director at Essential Living, said: "We're delighted to be working with McLaren. This is an important early scheme for us and it was important to find a partner who shared our vision and understood our focus on detail and quality."
(LM/MH)
