The Bricklayers Arms junction is one of five sites in SE1 where Transport for London has launched a search for a property development partner.
Transport for London last week published details of its search for development partners for more than 50 plots of land it owns across the city.
Five of the sites are in SE1, and although not identified by name on the map published by TfL last week we can be confident in naming them based on previous announcements:
• Southwark Underground Station [2013 news story]
• Elephant & Castle Underground Station [2014 news story]
• Land on Southwark Street next to Cross Bones Graveyard [2015 news story]
• London Road depot [2014 news story]
• Bricklayers Arms junction
Any development at Bricklayers Arms could be linked to both a future Bakerloo line extension and a possible new inner London orbital road tunnel.
Mayor of London Boris Johnson said: "TfL's role is to look to the future, ensuring that transport continues to support jobs, homes and economic growth across the capital and the UK.
"The ambitious plans to redevelop some of TfL's land and assets presents a fantastic opportunity to support this important work and ensure public land creates homes for Londoners."
Graeme Craig, director of commercial development at TfL, said: "We have a large number of fantastic assets in superb locations across the capital, and this is a once in a lifetime opportunity for leading developers to help us transform this city.
"We're looking for developers who will help us realise the long-term value of our estate whilst creating the houses, jobs and economic growth to support London's growing population."